CNBC – As hedge funds publish their third quarter letters, Lone Pine’s Steve Mandel joins the ranks of hedge fund managers with lackluster performance.
Mandel started Lone Pine Capital in 1997 as a long-short equity fund, and it’s now one of the largest in the industry. Mandel, one of Julian Robertson’s famed “Tiger cubs,” runs Lone Pine Capital which has $16 billion under management according data from an industry source.
