Ralph Lauren Sold Club Monaco What s Next? | BoF Professional, News & Analysis
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Tiger Cub Billionaire Stephen Mandel’s Top 10 Stock Picks
Stephen Mandel’s Investment Philosophy and His Hedge Fund Returns
Stephen Frank Mandel, Jr is an American billionaire and hedge fund manager who founded Lone Pine Capital in 1997. As of the end of 2020, Lone Pine has over $27 billion in managed securities. According to a report, Mandel’s hedge fund returned $9.1 billion to investors in 2020, the third biggest gain in the hedge fund industry.
In 2017, Mandel announced in a letter to shareholders that he was stepping back from day-to-day portfolio management and handing over the responsibilities to David Craver, Mala Gaonkar and Kelly Granat. However, the billionaire said that he would still be involved in discussing investment ideas with his team, coaching young associates and giving them direction.