Lone Pine on the Double-Edged Sword of Low Rates

Stephen Mandel, Jr.’s firm tries to balance negatives of stretched valuations against positives of companies using balance sheets to acquire.

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Stephen Mandel, Jr.’s Lone Pine Capital is telling clients that policies among the central banks to keep interest rates near zero are “a double-edged sword” for the investment firm, which runs both long-short and long-only funds.

is telling clients that policies among the central banks to keep interest rates near zero are “a double-edged sword” for the investment firm, which runs both long-short and long-only funds.

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