Lone Pine Readies $2 Billion Hedge Fund

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.

In Depth

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel Supports Manhattan Real Estate With Record Deal

Sep 16 2015 | 3:04pm ET

Never count hedge funds out of a big property deal. The Manhattan real estate market...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note

Upcoming Events