Lone Pine Capital's 2014 Q3 investor letter is out. Lone Pine Capital is one of the largest hedge funds in the World. Stephen Mandel's Lone Cypress lost 1.9% during the first 9 months of this year. Lone Kauri fund lost 2.1%, Lone Cascade lost 0.9%, and Lone Tamarack gained 1.7% during the same period. S&P 500 Index isn't a good comparison for partially hedged funds because it is 100% long. However...
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