Friday, 26 December 2014
Last updated 2 days ago
Oct 9 2013 | 10:28am ET
Lone Pine Capital is set to launch its first long/short hedge fund in more than a decade early next year.
The New York-based firm will roll out the Tamarack Fund in January, Institutional Investor reports. Tamarack will focus on more liquid stocks, trading only those names with average daily volume of $50 million or more. Lone Pine's Lone Kauri fund invests in stocks with at least $20 million in average daily volume.
Tamarack will invest in between 40 and 50 names at a time.
Lone Pine's existing Lone Cypress and Lone Kauri funds will have a roughly 80% overlap with Tamarack.
Tamarack is expected to debut with about $2 billion. It will be the $22 billion firm's first new fund since the launch of Lone Cascade, a long-only vehicle, in 2005, and its first long/short vehicle since Lone Kauri debuted in 2001.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.