Phillipe Laffont is big on a certain top Goldman tech banker. Redemptions at Level Global, another raided fund, are up to $750 million. 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. 2015 Capital: 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. Phone: Specs 6,151 square feet, 5 bedrooms, 6 bathrooms. According to a OneWire interview, Laffont developed his passion for technology at an early age. Philippe Laffont is a hedge fund manager. We will continue to publish one item each weekday and the president of Underhill Industries who died in 2008. Chief Investment Officer Philippe Laffont ( Trades, Portfolio ), who founded the firm after leaving Tiger Management, takes a top-down approach to stock picking and focuses on the information. But in addition to Primary Global, Coatue is a client of the expert network firms Coleman Research Group, and Gerson Lehrman Group. MAILING: PO BOX 989 You can also receive it via email. One Tiger Cub, Tiger Asia Management, is already being investigated by regulators. Nantucket, MA (1) Refine Your Search Results. He provided the following example. Phill Laffont is 54 years old, and lives in NY. Send us a tip using our anonymous form. 2015 Hedge Fund 100 Rank: Chase Coleman III Tiger Global Management, LLC (Tiger Global) is . Check if your 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. FAQ About Philippe . Ideal for entertaining, the grounds include a new free-standing gym, pool and spa flanked by an open-air cabana and built-in barbecue, an award-winning rose garden replete with flag pole, a clay tennis court and pavilion, koi pond, flowing creek, numerous fountains and even a private well. If you're happy with cookies click proceed. Lived In Nantucket MA. He named the fund for the vacation spot; Coatue is a long barrier beach on Nantucket. Stay informed and spot emerging risks and opportunities with independent global reporting, expert Besides the new Montecito digs, theres also a $24 million apartment in one of Manhattans most prestigious Fifth Avenue co-op buildings, an elegant estate in New Yorks Locust Valley hamlet, and a sprawling compound in stunningly scenic Nantucket. But Laffont told investors the market likely has further to fall before many of them become attractive potentially another 20%. Philippe Laffont, 55 Sophie Laffont, 47 has lived in New York, NY Elizabeth Laffont View Profile New York, NY also known as Thomas E Laffont E Laffont T Laffont related to Edward Kaier Patricia Kaier Annette Kaier, 73 Charles Kaier, 38 Ana Derivera, 68 Thomas Laffont, 46 has lived in New York, NY Atherton, CA 8 Amenia Union Rd, Wassaic, NY 12592 Tiger Global is down 52% for the year, Bloomberg reported Thursday. Philippe Laffont, Director Emeritus Jim Pallotta, Director Emeritus Kathy Penske, Director Emeritus Charley Polachi, Director Emeritus . Despite any feigned or perceived modesty, the low-key property has traded hands for a whopping $13 million not once but twice in the last two years. New York, NY The fund is down 17% this year better than rival tech hedge funds and its short book is up 32%. Coatue Management raised a position in Square by 11% during Q4 to 4.99% . 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. Coatue Management has $25 billion in overall assets under management. Philippe Laffont is a resident of Locust Valley. This content is from: City Room, a news blog of live reporting, features and reader conversations about New York City, has been archived. 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. 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. The firm he runs, Coatue, looks a lot like billionaire Chase Coleman's Tiger Global Management,. 86 Philippe Laffont runs Coatue Management, a hedge fund and venture capital investor that focuses on technology-themed investing. So initially, they agree that they won't disclose nonpublic information, but the average Joe Schmo doesn't know what that means. "A majority of the Tiger Cubs use Primary Global," says our source (aTiger Cub is a term used to describe hedge funds whose managers were seeded by Tiger Management, Julian Robertson's behemoth). That means the fund makes both long investments in companies with the expectationthat theyllperform well, andshort bets, or investmentsthat reflect a bearish outlook. His is a story that needs to be told - and heardwhich is why we decided to profile him in this Manager Monday. Coatue is characterizedas along/short, tech-focused hedge fund. He explains that expert networks often use consultants that have access to information about, for example, Apple's inventory data for a specific product or component. 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. Coatue's founder, Philippe Laffont, is a '89 MIT grad (MS in Computer Science) who hassummered on Nantucketfor 30 years. Hedge Fund Net Worth $8.92B Philippe Laffont manages more assets than 50% of other Hedge Fund Managers Average Return +14.59% Shares reduced by 29.13% The winner Coatue invested $50 million in photo messaging application company Snapchat that December, Back to Hedge Fund 100 Firm Profile Ranking SELECT AGE . 2023 Dirt.com, LLC. That alone doesn't mean much, he says, because most hedge funds use two or more expert networks (here's a list of the big ones), and Primary Global is probably one of them. Resides in New York, NY. Sign up for our newsletter to get the latest stories in hedge funds, PE, fintech, and banking delivered daily to your inbox. Nancy Kogevinas of Berkshire Hathaway HomeServices represented Laffont;Daniel Encell, also of Berkshire Hathaway HomeServices, served as listing agent. 17 South Water Street. It's believed that the hedge fund derives its name-Coatue-from one of Laffont's choice vacation spots in Nantucket, Massachusetts. We want to hear from you! The most recent tenant is Ana Laffont. He was a research analyst at Tiger Management in the 1990s, where he honed his skills as a. In recent years, Laffont has also predicted numerous key trends and events in the public markets. Purchased in 2009 for just under $15 million, the 4.6-acre estate includes a tennis court and lies just across Nantucket harbor from Coatue Beach, for which the Laffonts hedge fund is named. Philippe Laffont. Related To Thomas Laffont, Dominique Laffont, Frederic Laffont. A spokesman for Coatue, which managed $59 billion at the end of 2021, declined to comment. Refine Your Results. university Named . Sources familiar with Laffont's management said he's known for liquidating positions when markets get choppy. The Nantucket Dreamland Foundation is a 501(c)(3) nonprofit corporation and public charity. Laffont founded Coatue Management in 1999. 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. Philippe. Send us a tip using our anonymous form. Coatue was founded in 1999 by Philippe Laffont. Years on List: That was born out in the investor update, which revealed the fund had its greatest allocation to cash since the Dotcom bubble in 2000, when cash exposure ranged from 40% to 80%. The Montecito home last sold for $7.1 million in 2016. 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. live in close proximity in New York. 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. Address: In contrast to the main residence, the new-ish guesthouse is decidedly contemporary in architectural style, featuring soaring ceilings and rows of glassy sliders. 5 Again, no one from Coatue has been charged with anything, as far as we know. Like Robertson, Philippe built his empire from relatively humble beginnings. Strong performance from its short book, which was up 32%, helped mitigate the pain. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Instead, Coatue is down just 17% for the year, according to the mid-May investor update. was Philippe Laffont, the head of Coatue, a multibillion-dollar hedge fund. 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. 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. Say the inventory manager was on a call with a hedge fund analyst, and the inventory manager told the analyst about a memo he received. He named the fund for the vacation spot; Coatue is a long barrier. or All rights reserved. Website: We are sorry, but your computer or network may be sending automated queries. . Robin Rednor, Secretary, John Johnson, Director Emeritus 3/4C, sold for $1 million above its most recent asking price, but generosity on the part of buyers eager to establish residence at this prestigious co-op building, which accepts all-cash purchases only, 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. But Coatue's approach has shielded it from the worst of the carnage. Coatue's portfolio was buoyed by strong short performance, but also a dramatic liquidation of its positions. One issue is that often these employees are unaware that the information that they have is inappropriate. In recent years, Laffont attracted attention for making big bets on. $8 billion Laurance S. Rockefeller, Even the financial savant Charles Schwab paid more than $2 million above the $25 million listing price for his ninth-floor apartment there. 2016 Hedge Fund 100 Rank: And yet these are the employees that are, in exchange for several hundred dollars of their time, being asked for their expert knowledge and it is typically understood that they will have materially important information. 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 though it may not have been the initial intention of the call to obtain that exact information, it would be very easy for the material information to slip out to a hedge fund. Access your favorite topics in a personalized feed while you're on the go. Witness this inconspicuous ranch-style home on one of the areas best streets, tucked discreetly away behind gates and hedges. Login. Laffont is one of the so-called "Tiger Cubs," having worked . In addition, Nantucket Dreamland Theater. Philippe Laffont, the 47-year-old founder of Coatue Management, is a Tiger Cub through and through. The upstairs level, meanwhile, houses four large bedrooms, including a master retreat with a balcony, expansive closet, and luxe spa-inspired bathroom with soaking tub and separate shower. Some of Laffonts nearest new Malibu neighbors include Julia Roberts, Chris Martin, Kenny G, the Red Hot Chili Peppers Chad Smith, and Walmart billionaire Steuart Walton and his new wife Baywatch actress Kelly Rohrbach who live immediately next door in a cottage Walton bought for over $14 million last year. (Verizon New England, Inc). Stay up to date with what you want to know. You can find the latest New York Today More Tiger Cubs will be investigated, says our source, and he's not surprised that Coatue is one that authorities are looking at. Get our latest stories in the feed of your favorite networks. These are the top 5 holdings of Philippe Laffont Rivian Automotive Inc ( RIVN) - 35,226,301 shares, 16.20% of the total portfolio. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. What, if anything, do you say in the elevator? View the profiles of professionals named "Philippe Laffont" on LinkedIn. You have a math and science . Found close-by is Miramar Beach, along with fine dining, shopping, and the upscale Rosewood Miramar, Four Seasons Biltmore and San Ysidro Ranch resorts. Coatue liquidated positions and moved to 80% cash during the recent market selloff, according to an investor presentation from May. FrontPoint investors pulled $3 billion from the fund after news that its healthcare manager. . 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. 9 West 57th Street, 25th floorNew York, NY 10019 Hopes Fade in Manhattans Darkened Neighborhoods. at nytoday.com or in the morning, on The New York Times homepage or its New York section. 70 In fact, he obviously thought the residential gem was such a worthwhile investment that he paid $200,000 over the $11.5 million asking price, plunking down $11.7 million to purchase the five-bedroom, six-bath structure this past January. Year 1924. Philippe can be reached at plaffont@msn.com Main Address 15 Fulling Mill Rd, Nantucket, MA 02554 County: Nantucket County FIPS: 250199505002100 Possible connections via main address - Frederic Labonte, D Laffont Latitude, Longitude: 41.2943659, -70.046514 Phones (508) 228-9386, (508) 843-3991 Lookup the home address, phone numbers, email address for this person . There are also a formal dining room, office area and, per the listing, a wine cellar. Coatue's General Counsel did not return a request for comment. if we've collected "Sales Lead Information" for a given company, it will be displayed on the Chris Cortazzo of Compass held the Malibu listing; Lily Harfouche of Coldwell Banker repped Laffont. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Let's go see what he's up to. Though substantial, the estate is completely dwarfed by a massive $80+ million ranch compound directly across the street, a property widely believed to be owned by Google co-founder Sergey Brin. For a full comparison of Standard and Premium Digital, click here. A logo for Pfizer is displayed on a monitor on the floor at the New York Stock Exchange, July 29, 2019. We want to hear from you! Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. Philippe Laffont is a resident of NY. The popularity rank for the name Dominique was 1851 in the US in 2020, the Social Security . 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 Since 1976, Metropolitan Diary has been a place for New Yorkers, past and present, to share odd fleeting moments in the city. View the profiles of people named Philippe P Laffont Nantucket. Previously, Laffont worked as an analyst in management consulting for McKinsey & Co. from 1992 to 1994 in Madrid, Spain. Personal Profiles for Frederic J Laffont from Nantucket, MA and Frederic F Laffont from Vero Beach, FL, and three other persons with the same name, their addresses, phone numbers, emails . The company has 1 contact on record. Information about the iPhone 4's new camera, obviously, is worth millions to someone who is investing in the company that makes the camera. 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