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Lone Pine Capital
American hedge fund From Wikipedia, the free encyclopedia
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Lone Pine Capital is an American-based hedge fund and investment advisor headquartered in Greenwich, Connecticut. The firm has offices in London, New York City, and San Francisco.[2]
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History
Lone Pine Capital was established in 1997 by its president and portfolio manager, Stephen Mandel. The firm was named after a pine tree on the Dartmouth College campus that survived a lightning strike in 1887.[3]
Mandel previously worked for Julian Robertson at the firm Tiger Management, making Lone Pine one of the 30 or more so-called "Tiger Cubs", funds founded by managers who started their investment careers with Tiger Management.[4] Mandel led the firm until January 2019, when he stepped back from day-to-day activity into a mentorship role with less investment oversight.[1]
As of August 2023, Lone Pine Capital reported $15.2 billion under management.[1]
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Investment strategy
Lone Pine Capital's investment vehicles include the Lone Cypress hedge fund, its flagship fund, and its long-only Lone Cascade strategy.[5] As of 2024, the Cascade strategy held a majority of the firm's assets.[6]
Between 2021 and 2023, the firm shifted its focus to investments in publicly traded companies, but resumed private investments in April 2024 when it acquired a minority stake in Canva and Spotnana Technology.[7]
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References
External links
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