Lone Pine Capital is branching into long-only territory for
the second time, in this case to offer a $1.5 billion fund that
will focus on emerging markets.
Founder Steve Mandel and his team of portfolio managers will
run Lone Dragon Pine, which is set to launch in April. While
the extreme volatility that has recently seized emerging
markets could make the timing less than ideal, investors expect
that Lone Pine's reputation, as well as investor