Steve Mandel's Lone Pine To Launch New L/S Fund [REPORT]

Steve Mandel's Lone Pine Capital is launching a new hedge fund after a long time and again making a trademark choice in using the name, reports Stephen Taub for II Alpha. Lone Tamarack will be the fund's first new long/short fund in over 10 years. Just like pine, tamarack—also called larch—is a conifer, extending Mandel's fascination with trees.

Lone Pine to launch $2 billion fund

Lone Pine Capital manages $22 billion in assets and Lone Tamarack will begin managing money in January next year, with an estimated initial base of $2...