WALL STREET – What appears to be a little more than a five-month investment in MasterCard paid off big with a $250 million gain for one hedge fund. Lone Pine Capital LLC. The investment fund sold its 4.9 million shares, a 6% stake in MasterCard, according to a filing with the Securities and Exchange Commission. The filings indicated the hedge fund earned about $50 a share on the five-month run-up of MasterCard, almost $250 million. Shares in MasterCard have more than tripled in value since May 2006, when the company went public, making it one of the hottest stocks on the NYSE.
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