Lone Pine's alumni network has faced struggles in recent years, with nearly half of its spinouts shutting down or ceasing hedge fund strategies, highlighting the challenges within the industry.
The struggles of Lone Pine’s spinoffs reflect a larger trend in the hedge fund industry where money is flowing away from smaller single-manager funds towards more diversified investment platforms.
Scott Coulter's Cowbird Capital is the latest Lone Pine spinoff to close, adding to the growing number of collapsed funds from this formidable alumni network.
While some funds like Mala Gaonkar's have seen substantial asset growth, most of Lone Pine's spinouts have faced severe challenges in establishing profitable operations.
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