According to a OneWire interview, Laffont developed his passion for technology at an early age. February 14, 2022 Philippe Laffont (Chris Goodney/Bloomberg) Coatue Management is raising money for a new niche hedge fund.According to a regulatory filing, the Tiger Cub headed by Philippe. Lot Size 1.9 acres. Check if your The three-bedroom three-and-a-half-bath duplex, whose amenities include a wine cellar, extensive mahogany detailing, and a seven-room suite for the staff, was sold by the estate of Walter Goldstein, a concrete mogul Nancy Kogevinas of Berkshire Hathaway HomeServices represented Laffont;Daniel Encell, also of Berkshire Hathaway HomeServices, served as listing agent. Send us a tip using our anonymous form. if the company chooses to hide the private information on their profile from the general public. Coatue Management / $9.25 billion Laffont founded Coatue Management in 1999. Philippe Laffont Coatue Management, LLC Hedge Fund Manager Ranked #128 out of 483 Hedge Fund Managers Portfolio Gain +159.19% Since Jun 2013 Sharpe Ratio 1.93 Average Hedge Fund Sharpe: 1.48991 How are Hedge Funds Ranked? and is located at 14 Easy Street, Nantucket, MA 02554. Founder Philipe Laffont is well known for quickly cutting positions amid market turbulence.. Philippe Laffont is a resident of Locust Valley. Philippe Laffont found in Nantucket. Share Price as of January 12: $3.82. 2015 Capital: We want to hear from you! All Rights Reserved. We support credit card, debit card and PayPal payments. 18-30 31-40 41-50 51-59 . Thomas Laffont Co-Founder, Coatue Management Menlo Park, California, United States 1K followers 500+ connections Join to connect Coatue Management Yale University About Co-founded Coatue. You can find the latest New York Today This content is from: The structure which sports an unknown amount of square footage is fully kitted out with a bedroom suite, living room, kitchen and den/media room. In addition, Completely gated and high-hedged for ultimate privacy, the estate features broad expanses of well-watered grass and several mature olive trees. We may earn a commission from links on this page. Philippe Laffont, the 47-year-old founder of Coatue Management, is a Tiger Cub through and through. Redemptions at Level Global, another raided fund, are up to $750 million. RLX Technology Inc. (NYSE:RLX), a China-based e-vapor company, is one of the best stocks under $25 to buy according to billionaire Philippe Laffont, who owns . Coatuemanages around $7 billon and recently opened an office in Menlo Park, California to be closer to some of itsSilicon Valley targets. But it has fared better than rivals, thanks in part to founder Philippe Laffont's longstanding propensity to slash exposure and build up piles of cash during market turbulence, according to sources familiar with the fund and a recent investor presentation. Philippe Laffont's Coatue bets big on Rivian and Pfizer during the fourth quarter. Mr. Philippe Laffont, the 47-year-old founder of Coatue Management, is a Tiger Cub through and through. Address: Browse Locations. Home values in the area also increased 9.6 percent during the past 12 months, with houses there expected to rise in value by 6.1 percent in the next year. Includes Address(6) Phone(10) Email(2) See Results . Initially priced at $27.5 million, the unit lingered on the market through the downturn until this year, when its reduction to $23 million reignited the acquisitive instincts of several billionaire suitors. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. . Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. Dominique F Laffont is a resident of Nantucket. Rank: 21 (tie)Firm: Coatue Management Headquarters: New York Earnings: $100 million A disciple of Julian Robertson, Philippe Laffont left Tiger Management in 1999 to form Coatue Management. An ornate 15-room duplex at 834 Fifth Avenue, the Rosario Candela-designed bastion of international billionaires, sold for $24 million, the most expensive sale of the week, according to city records. Resides in New York, NY. Coatue's long bets, including DoorDash, Netflix, and Peloton, have gotten smoked as well, losing 45%. 1999 Copyright 2023 Nantucket Dreamland Foundation. Past residents include Ana Diezderivera, Justin Fredericks, Sandra Fredericks, Stephen Fredericks and Philippe Laffont. FastPeopleSearch results provide address history, property records, and contact information for current and previous tenants. 86 This is just one of the ways that hedge fund analysts can attempt to gain an edge in understanding the demand in products and services in a company that they're interested in investing in, without talking to someone at the target company. From 1996 to 1999, he worked as a research analyst at Tiger. Coatue Management,Philippe Laffont's ~$3.5 billion tech-focused hedge fund is being investigated related to possible insider trading violations, a source tells Business Insider. Coatue also has made a number of investments in more established technology companies like Facebook and Amazon, according to, Reports indicate Coatues performance has suffered in light of a. He established Coatue Management in 1999 and serves as the fund's chief investment officer. was Philippe Laffont, the head of Coatue, a multibillion-dollar hedge fund. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. Possible related people for Phill Laffont include Philippe Alfonso Laffont, Dominique F Laffont, Thomas Jerome Laffont, Elizabeth Kaler Laffont, Sophie J Laffont, and many others. Possible relatives for Philippe Laffont include . Top 5 Buys of Philippe Laffont's Coatue Management in the 2nd Quarter GuruFocus ranks Agora's financial strength 8 out of 10 on the back of no long-term debt. His is a story that needs to be told - and heardwhich is why we decided to profile him in this Manager Monday. A former student of Julian Robertson's Tiger Management, Philippe Laffont founded Coatue in 1999. It may be helpful to read some of the helpful background information about why investment management firms use the networks that our source provided. In this weeks section: Celebrities and noncelebrities often It's bullish on opportunities in structured equity, which has performed well during bear markets companies need cash but don't want to sell equity at beaten down prices. Already a subscriber? Utilize our advanced search form to filter the search results by Company Name, City, State, Postal Code, At age 50, Forbes estimates that Laffont is now a billionaire, with a net worth of $1.4 billion. Built in 1924, the estates main residence and guest cottage recently underwent an extensive renovation. Laffont, a soft-spoken and publicity-shy Frenchman, has built one of the world's best-known technology-focused hedge funds, and has a growing business investing in private companies. Sign up for notifications from Insider! Philippe Laffont is a hedge fund manager. Not only does Philippe Laffont deal in hedge funds specifically, those in the tech arena (think Uber, and most recently, DoorDash) he apparently has a fondness for communities that carry the name hedge as well. Philippe P Laffont, 55. To be sure, Coatue wasn't the only tech-focused cutting positions the tech-stock swoon contributed to a flurry of first-quarter selling among Tiger Cubs, according to data from the Securities and Exchange Commission compiled by Bloomberg. But in addition to Primary Global, Coatue is a client of the expert network firms Coleman Research Group, and Gerson Lehrman Group. The result? or Get the latest scoop directly in your inbox. The wealthiest new hedge fund billionaire joining the ranks of The Forbes 400 is Philippe Laffont, with a net worth of $6.5 billion. The two-structure compound includes a main house and a substantial guesthouse, both of which come equipped with their own two-car garage. Philippe Laffont, Director Emeritus company profile page along with the rest of the general data. 5 Melvin Capital is shuttering operations after posting extensive losses in the first five months of the year on top of a dismal 39% decline in 2021. Stay informed and spot emerging risks and opportunities with independent global reporting, expert Another reason to be suspicious that the fund will be similarly ensnared in the investigation is that Coatue uses or used Primary Global, the expert network firm that is in the center of the insider trading bust. (508) 228-9386 is also used by P Laffont, Dominique F Laffont, Philippe P Laffont. But because the information received is not available to the retail investor, it might be considered insider information by a court. Dirt is a part of Penske Media Corporation. university Founded: Year 1924. Although the property has a history of pending sales, and most recently was listed for rent at $60,000 per month in 2020, records state that this particular property is valued 257.7 percent higher than the typical home in the 93108 ZIP code where its located. OFFICE: 508.332.4822 info@nantucketdreamland.org MAILING: PO BOX 989 Nantucket, MA 02554. New York, NY Philippe Laffont of Coatue Management is perhaps one of the most talented active hedge fund managers today. Other hedge funds with a technology focus, like D1 Capital, Lone Pine, and Whale Rock, have also suffered. He was a research analyst at Tiger Management in the 1990s, where he honed his skills as a. We are sorry, but your computer or network may be sending automated queries. These winter days, you'll probably find him in his Patagonia and corduroys, walking around the upper east side, where Coatue is located. The listing brokers were Ann Jeffery and Mary Rutherfurd of Brown Harris Stevens. Laffont is one of the so-called "Tiger Cubs," having worked . The fund wasn't fast enough to recognize the abrupt shift in investor sentiment away from growth stocks that surged during the pandemic, according to the investor update. We would like to show you a description here but the site won't allow us. The contact is Philippe Laffont from New York NY. Premium access for businesses and educational institutions. More Tiger Cubs will be investigated, says our source, and he's not surprised that Coatue is one that authorities are looking at. Resting on almost two acres of park-like land between the Lower and Upper Montecito villages, Laffonts newly purchased estate overlooks mesmerizing views of the Santa Ynez Mountains. Philippe Laffont. To protect our site, we cannot process your request right now. Viking Global was the rare marquee Tiger Cub, the name given to hedge funds spawned from Julian Robertson's Tiger Management, with single-digit losses through April. He says it's because if you don't, someone else will get the information before you, and you'll lose the opportunity to earn your investors coveted returns over 10%. Earlier this month, Coatue announced its biggest wager yet: a $700 million venture fund exclusively dedicated to backing startups during their earliest rounds of funding. His New Yorkbased, technology-oriented firm, named after a long barrier beach on Nantucket, Massachusetts where Laffont has summered for thirty years, finished 2013 up nearly 20 percent, thanks to high-flying media, technology and Internet stocks, like electric carmaker Tesla Motors, online business networking company LinkedIn and online and DVD movie rental company Netflix. Even the financial savant Charles Schwab paid more than $2 million above the $25 million listing price for his ninth-floor apartment there. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. And the new product, it could have turned out, was the iPhone 4. Named one of The Richest in 2020 on Forbes Billionaire List with a $1.4 billion net worth, Laffont, who co-founded Coatue Managementin 1999 with his brother, part-time Malibu resident Thomas Laffont, seems to have picked a sure thing when it comes to this Montecito manse. Lived In Nantucket MA. This site is protected by reCAPTCHA and the Google. Dirt is a part of Penske Media Corporation. Coatue Management has $25 billion in overall assets under management. Every month during 2009, analysts from Coatue spoke to a bare minimum of 3 consultants, for example, analysts from Coatue met with consultants on STEC, CREE, Juniper, and Dolby during 2009. 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