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Pine - 2 David Stemerman - 1 Steve Mandel's Lone - 1 Conatus - 1 CenterBook - 1 Stemerman - 1 — - 1 tearsheet - 1
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Search resuls for: "Steve Mandel's"


3 mentions found


☆ Meet CenterBook Partners, the hedge fund powered by intel from dozens of other managers
  + stars: | 2024-01-22 | by ( Bradley Saacks | ) www.businessinsider.com   time to read: +5 min
That dozens of funds — the firm currently has 28 different partner funds that feed data into the strategy plus a waitlist of five other managers — would share their holdings is novel. The average hedge fund was up 7.5%, according to Hedge Fund Research. The managers who have partnered with CenterBook, Stemerman said, have a long time horizon — think months instead of days — on their trades, so the edge isn't lost if CenterBook also makes the same trade in its book. CenterBook, if assets grow as expected, aims to bring on another 10 partner funds this year, the source close to management tells Business Insider. While the manager has only 18 full-time employees, its partner funds have more than 100 investment analysts working at them.
Persons: David Stemerman, Steve Mandel's Lone, Conatus, CenterBook, Stemerman, —, tearsheet, hadn't Organizations: Business, Connecticut's, Alpha, CenterBook, Global Alpha, Fund, Citadel, Apple Locations: Charlotte, Lone
☆ Lone Pine, Steve Mandel's $15 billion hedge fund, bounced back in 2023 following clients pulling out billions
  + stars: | 2024-01-10 | by ( Bradley Saacks | ) www.businessinsider.com   time to read: +1 min
Despite billions leaving the firm, Lone Pine Capital ended strong last year. The manager was down 38% and 42% in its hedge fund and long-only strategy, respectively, last year. Bloomberg reported in August that clients had pulled roughly $3 billion out of the firm in the 12 months leading up to July 2023. The firm's strong 2023 performance bested the average hedge fund, which returned less than 8%, according to Hedge Fund Research. Still, the flagship hedge fund strategy trailed the S&P 500, fellow Tiger Cubs like Tiger Global and Coatue, and other tech investors like Whale Rock and Light Street.
Persons: Cub, Steve Mandel, Pine, Mala Gaonkar's, Peers Organizations: Lone, Lone Pine Capital, Business, Bloomberg, Fund Research, Viking, D1 Capital, Tiger Cubs, Tiger, Nasdaq Locations: Lone Pine, Cypress, Greenwich
☆ Stephen Mandel's Lone Pine Capital hedge fund bet big on this Mag 7 stock in latest quarter
  + stars: | 2023-11-16 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Steve Mandel's Lone Pine Capital opened a huge stake in Meta during the third quarter, regulatory filings show. META YTD mountain Meta shares in 2023 Meta is now the Connecticut-based fund's largest single holding, according to InsiderScore. Lone Pine also opened a big position in Alphabet during the period, valued at slightly more than $400 million. Elsewhere, Lone Pine raised its Amazon stake nearly 12% in the three-month period, after slashing it 26% in the second quarter. Outside of big tech, Lone Pine made some adjustments to financial services stocks.
Persons: Steve Mandel's, Julian Robertson, Mandel's, Lone Pine, Pine, Mandel, Lone, Tempur Sealy Organizations: Steve Mandel's Lone, Steve Mandel's Lone Pine Capital, Meta, Tiger Cubs, Securities and Exchange Commission, Google, Microsoft, Lone Pine, Nvidia, Mastercard, Body, & & $ Locations: Steve Mandel's Lone Pine, Connecticut, Lone, Tempur
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