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Stephen Mandel to step down from day-to-day operations at Lone Pine Capital

Wednesday, September 20, 2017

Bailey McCann, Opalesque New York:

Hedge fund star Stephen Mandel told investors in a letter that he is stepping down from day-to-day operations at his hedge fund Lone Pine Capital.

Mandel, who started in the hedge fund industry at Julian Robertson's Tiger Management, launched Lone Pine 20 years ago. The $25 billion hedge fund boasts one of the best track records in the industry.

Bloomberg, which first reported the news, notes t......................

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