Steve Mandel is using the market volatility to add to key positions at his hedge fund, Lone Pine Capital according to the fund’s third quarter letter to investors, as reviewed by ValueWalk.
According to Lone Pine, recent price declines in several market sectors have created the potential for outsized returns over the long-term. As a result, Lone Pine has decided to increase some of its key positions in the sectors affected.
Unfortunately, recent price declines have also neutralized most of Lone Pine’s gains for the year.
Lone Pine: YTD returns
Lone Cypress fell 3.6% net in Q3 and has gained 3.8% net year-to-date. At the end of the second quarter, Lone...
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