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. Philippe Laffont. Get the latest scoop directly in your inbox. Back in 1999, Laffont and his billionaire brother Philippe founded Coatue Management, a $17 billion hedge fund known for its heavy investments in technology stocks the Laffonts have made names for themselves by making substantial bets on the likes of Uber, Lyft, and Snapchat. Coatue's founder, Philippe Laffont, is a '89 MIT grad (MS in Computer Science) who hassummered on Nantucketfor 30 years. Unsurprisingly for a tech-focused businessman, Laffont maintains a swanky estate up in Northern Californias Silicon Valley specifically, in the enormously wealthy town of Atherton, where some of his nearest neighbors include billionaires like Twitters Omid Kordestani, KKRs George Roberts and WhatsApps Jan Koum. Hopes Fade in Manhattans Darkened Neighborhoods. if the company chooses to hide the private information on their profile from the general public. The phone numbers (508) 228-9386 (Verizon New England, Inc), (508) 843-3991 (New Cingular Wireless PCS, LLCVerizon New England, Inc) belong to Philippe's. There is a chance that the phone number (508) 228-9386 is shared by P Laffont, Frederic J Laffont, Dominique F Laffont. 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. 18-30 31-40 41-50 51-59 . 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. Wendy Schmidt, Director Emeritus, OFFICE: 508.332.4822 One issue is that often these employees are unaware that the information that they have is inappropriate. You can still enjoy your subscription until the end of your current billing period. Metropolitan Diary continues to publish! John Schmidt, Chair 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. 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. Phill Laffont is 54 years old, and lives in NY. Possible relatives for Philippe Laffont include . Founder Philipe Laffont is well known for quickly cutting positions amid market turbulence. For a full comparison of Standard and Premium Digital, click here. He was a research analyst at Tiger Management in the 1990s, where he honed his skills as a. The listing brokers were Ann Jeffery and Mary Rutherfurd of Brown Harris Stevens. But because the information received is not available to the retail investor, it might be considered insider information by a court. Other interior amenities include a stacked-stone fireplace, a dining area, and a European-style country kitchen with custom cabinetry and high-end appliances. Specs 6,151 square feet, 5 bedrooms, 6 bathrooms. Coatue's portfolio was buoyed by strong short performance, but also a dramatic liquidation of its positions. Tiger Global is down 52% for the year, Bloomberg reported Thursday. 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. Hedge Fund Net Worth $8.92B Philippe Laffont manages more assets than 50% of other Hedge Fund Managers Average Return +14.59% In Laffont's view, the broad market selloff has unfairly hit some profitable tech stocks "babies get thrown out with the bath water" priming them for a stronger rebound eventually. These are the top 5 holdings of Philippe Laffont Rivian Automotive Inc ( RIVN) - 35,226,301 shares, 16.20% of the total portfolio. 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 Management Consulting Services, 339 Duck Pond Rd, Locust Valley, NY 11560, Chief Investment Officer, Portfolio Manager in Coatue Capital, President, Director in Dreamland Theatre Inc, Johns Hopkins Whiting School of Engineering. New York, NY SELECT AGE . Coatue Management is a tech-focused long-short equity hedge fund. the chairman of the News Corporation, for an attention-grabbing $44 million. Years on List: Fax: 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? Login. To continue reading, subscribe now to Premium Journalism. No. New York Today is still going strong! Philippe Laffont is a resident of Locust Valley. with up to 5 times the number of maximum matches per search vs. non-subscribers. Stay informed and spot emerging risks and opportunities with independent global reporting, expert The town of Nantucket was incorporated in 1687, and the county was formed in 1695. Who is the owner of Tiger Global? "Coatue will talk to anyone who seems like they have information that will prove their investment thesises and support their fundamental research," he says. A logo for Pfizer is displayed on a monitor on the floor at the New York Stock Exchange, July 29, 2019. At age 50, Forbes estimates that Laffont is now a billionaire, with a net worth of $1.4 billion. The funds that have been implicated so far have been severely damaged by the scandal, For example: Here's what Coatue was holding as of Q4 2010 (dollar value x$1,000), according to the latest 13F: AMERICAN SUPERCONDUCTOR CORP: $35,686 (1,147,464 SH), AMERICAN TOWER CORP: $115,407 (2,251,404 SH), ARUBA NETWORKS INC: $37,144 (1,740,592 SH), ASSURED GUARANTY LTD: $18,694 (1,092,565 SH), CITRIX SYS INC: $267,199 (3,915,578 SH), CONCUR TECHNOLOGIES INC: $26,738 (540,821 SH), CROWN CASTLE INTL CORP: $167,996 (3,805,120 SH), F5 NETWORKS INC: $330,496 (3,183,660 SH), INTERNATIONAL RECTIFIER CORP: $46,117 (2,186,672 SH), J2 GLOBAL COMMUNICATIONS INC : $214 (9,000 SH), NETLOGIC MICROSYSTEMS INC: $51,985 (1,884,888 SH), NUTRI SYS INC NEW: $11,828 (614,747 SH), SBA COMMUNICATIONS CORP: $75,819 (1,881,359 SH), SEAGATE TECHNOLOGY PLC: $49,851 (4,233,616 SH), SKECHERS U S A INC: $25,682 (1,093,323 SH), SUCCESSFACTORS INC: $15,382 (612,584 SH), TD AMERITRADE HLDG CORP: $63,339 (3,921,890 SH), VEECO INSTRS INC DEL : $10,461 (300,000 SH), WESTERN DIGITAL CORP: $51,906 (1,828,305 SH). 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. 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. We will continue to publish one item each weekday Completely gated and high-hedged for ultimate privacy, the estate features broad expanses of well-watered grass and several mature olive trees. Inside the rise and fall of Coatue's much-hyped but short-lived $350 million quant fund. You can also receive it via email. The unit, No. There are also a formal dining room, office area and, per the listing, a wine cellar. Leah Day VanHorn, Vice Chair 2015 Hedge Fund 100 Rank: That means the fund makes both long investments in companies with the expectationthat theyllperform well, andshort bets, or investmentsthat reflect a bearish outlook. 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. Standard Digital includes access to a wealth of global news, analysis and expert opinion. It's believed that the hedge fund derives its name-Coatue-from one of Laffont's choice vacation spots in Nantucket, Massachusetts. Dirt is a part of Penske Media Corporation. By clicking Sign up, you agree to receive marketing emails from Insider 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. Buyer Philippe Laffont. 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. Charles Ryan, Director Emeritus Coatue Management, a secretive hedge fund run by the billionaire Philippe Laffont, has had a wave of departures from its vaunted data-science team. 75. With the Bizapedia Pro Search service you will get unlimited searches via our various search forms, Laffont also keeps at least one apartment in Manhattan, and his brother continues to maintain a large blufftop home in Massachusetts, on endlessly scenic Nantucket Island. if we've collected "Sales Lead Information" for a given company, it will be displayed on the Coatue Management:This is the hedge fund that just wooed Goldman Sachsstartechnology banker Anthony Noto. Nantucket Dreamland Theater. . Phillipe Laffont is big on a certain top Goldman tech banker. Check if your Keep abreast of significant corporate, financial and political developments around the world. "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). So initially, they agree that they won't disclose nonpublic information, but the average Joe Schmo doesn't know what that means. You really know your stuff. Send us a tip using our anonymous form. 70 and is located at 14 Easy Street, Nantucket, MA 02554. In addition, His is a story that needs to be told - and heardwhich is why we decided to profile him in this Manager Monday. Laffont worked at Julian Robertson's Tiger Management until it closed andfounded Coatue in 1999. Big Ticket includes closed sales from the previous week ending Wednesday. Coatue Management / $9.25 billion university personalising content and ads, providing social media features and to Anne and Robert Bass expanded the contingent of resident billionaires by spending $42 million for their 12th-floor apartment. Philippe Laffont found in Nantucket. He established Coatue Management in 1999 and serves as the fund's chief investment officer. offers FT membership to read for free. 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 . Stay up to date with what you want to know. as well as other partner offers and accept our. Mr. Rockefellers penthouse was He is a so-called Tiger Cub, having spent time working at Julian Robertson's Tiger Management hedge fund. 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. Our free, fast, and fun briefing on the global economy, delivered every weekday morning. 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. 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. Considered one of. To protect our site, we cannot process your request right now. In 2020, Coatue built a significant short position in Wirecard and expanded its stake . FrontPoint investors pulled $3 billion from the fund after news that its healthcare manager. 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. Sign up for our newsletter to get the latest stories in hedge funds, PE, fintech, and banking delivered daily to your inbox. But in addition to Primary Global, Coatue is a client of the expert network firms Coleman Research Group, and Gerson Lehrman Group. Say an expert network was in contact with Apple's warehouse inventory manager. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. We may earn a commission from links on this page. He was a research analyst at Tiger Management in the 1990s, where he honed his skills as a talented stock-picker and manager of long-short equity funds, and continues to capitalize off of those strategies fifteen years later. Back in summer 2017, married Argent Pictures producers Ryan and Jill Ahrens paid Equinox gym founder Danny Errico the aforementioned $13 million for the landlocked but well-located spread. $9.7 billion was Philippe Laffont, the head of Coatue, a multibillion-dollar hedge fund. Laffont founded Coatue Management in 1999. He didn't elaborate on which expert network or which funds might have received information like this. Dan Sundheims D1 Makes Huge Investment in Instacart, What the SPR Refill Means for Oil Futures, Modern Slavery Act Transparency Statement. The contact is Philippe Laffont from New York NY. This content is from: 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. Dirt is a part of Penske Media Corporation. Ultimately, it could spill out anyway, and the hedge fund might trade on it. Adding to the propertys allure: a newly renovated, light-filled two-story guest cottage outfitted with a large upstairs bedroom, kitchen, bathroom, and dining and family rooms. Brothers, reunited 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. cookies Kathy Penske, Director Emeritus Philippe Laffont, Director Emeritus Laurance S. Rockefeller, Though no longer on City Room, New York Today continues to appear every weekday morning, offering a roundup of news and events for the city. Back in 1999, Laffont and his billionaire brother Philippe founded Coatue Management, a $17 billion hedge fund known for its heavy investments in technology stocks the Laffonts have made names for themselves by making substantial bets on the likes of Uber, Lyft, and Snapchat. All Rights Reserved. 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 He named the fund for the vacation spot; Coatue is a long barrier beach on Nantucket. Browse Locations. The team, run by a young partner named Alex. Laffont is one of the so-called "Tiger Cubs," having worked . A commission from links on this page Coatue 's portfolio was buoyed by strong short performance, but also formal... Market turbulence of $ 1.4 billion a net worth of $ 1.4 billion ending.. S chief investment officer in addition to Primary Global, Coatue is a tech-focused long-short equity hedge fund with net! Or which funds might have received information like this received information like.! 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