Steve Mandel's Lone Pine Capital noted that its performance has been significantly outpaced by the market, particularly in U.S. dollar terms. In a letter to investors reviewed by ValueWalk, the firm, which operates four primary hedge fund strategies, noted they are seeing is a greater degree of creative business destruction now than at any time during their investment careers, and perhaps since the industrial revolution.
The main drivers of this “upheaval” are developments centered near the internet and mobile communications, the investment letter noted, while pointing to long...
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Exclusive Access to coverage of Private, Closed-Door Investor Conferences
Hedge Fund Manager Research Currently Producing 21% – 40% Returns Annually
