{"id":82451,"date":"2022-08-30T02:01:48","date_gmt":"2022-08-30T06:01:48","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=82451"},"modified":"2022-08-30T02:36:21","modified_gmt":"2022-08-30T06:36:21","slug":"lone-pine-assets-shrivel-as-hedge-fund-reels-from-record-losses","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2022\/lone-pine-assets-shrivel-as-hedge-fund-reels-from-record-losses.html","title":{"rendered":"Lone Pine Assets Shrivel as Hedge Fund Reels From Record Losses"},"content":{"rendered":"\n<p>(Bloomberg) <a href=\"https:\/\/www.bloomberg.com\/quote\/77987Z:US\">Lone Pine Capital<\/a> is facing its biggest challenge since Steve Mandel founded the firm a quarter-century ago, with its $5.8 billion hedge fund down the most in its history.&nbsp; The hedge and long-only funds are both mired in a prolonged slump, each losing more than 30% this year through July on bullish growth-stock wagers that soured. Assets have tumbled 42% to $16.7 billion, driven by the wrong-way bets and client redemptions. &nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/finance.yahoo.com\/news\/lone-pine-assets-shrivel-hedge-142949052.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Lone Pine Capital is facing its biggest challenge since Steve Mandel founded the firm a quarter-century ago, with its $5.8 billion hedge fund down the most in its history.&nbsp; The hedge and long-only funds are both mired in a [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-82451","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=82451"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82451\/revisions"}],"predecessor-version":[{"id":82453,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82451\/revisions\/82453"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=82451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=82451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=82451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}