Information about the iPhone 4's new camera, obviously, is worth millions to someone who is investing in the company that makes the camera. New York, NY The conversations they have with experts provide them with information that is not readily available to the retail investor. Coatue liquidated positions and moved to 80% cash during the recent market selloff, according to an investor presentation from May. Coatue invested $50 million in photo messaging application company Snapchat that December, Back to Hedge Fund 100 Firm Profile Ranking While double-digit losses are nothing to celebrate, the firm's performance amid the market sell-off this year has outpaced other tech hedge funds as well as the Nasdaq Composite Index, the tech benchmark that has fallen 24% this year. Like Robertson, Philippe built his empire from relatively humble beginnings. Premium access for businesses and educational institutions. 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. Dan Sundheims D1 Makes Huge Investment in Instacart, What the SPR Refill Means for Oil Futures, Modern Slavery Act Transparency Statement. You can find the latest New York Today Charles Ryan, Director Emeritus It's believed that the hedge fund derives its name-Coatue-from one of Laffont's choice vacation spots in Nantucket, Massachusetts. Sign up for notifications from Insider! Refine Your Results. Philippe Laffont is a resident of Locust Valley. We support credit card, debit card and PayPal payments. Past residents include Ana Diezderivera, Justin Fredericks, Sandra Fredericks, Stephen Fredericks and Philippe Laffont. 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. 15 Fulling Mill Rd, Nantucket. . 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. Inside the rise and fall of Coatue's much-hyped but short-lived $350 million quant fund. 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. We would like to show you a description here but the site won't allow us. 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. 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. 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. 86 Big Ticket includes closed sales from the previous week ending Wednesday. Brothers, reunited He is a so-called. We may earn a commission from links on this page. Simply log into Settings & Account and select "Cancel" on the right-hand side. Philippe P. Laffont is the founder and portfolio manager of Coatue Management. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Even the financial savant Charles Schwab paid more than $2 million above the $25 million listing price for his ninth-floor apartment there. 1 found for Phill Laffont in Nantucket, Massachusetts. Stay informed and spot emerging risks and opportunities with independent global reporting, expert Stay up to date with what you want to know. Get our latest stories in the feed of your favorite networks. morning and a round-up in Monday's print edition. 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. . Tech . 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. View the profiles of people named Philippe P Laffont Nantucket. 2016 Capital: 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. Coatue's founder, Philippe Laffont, is a '89 MIT grad (MS in Computer Science) who has summered on Nantucket for 30 years. It's a stealth way to bend the rules, basically. Coatue Management has $25 billion in overall assets under management. Laffont founded Coatue Management in 1999. 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. The fund is down 17% this year better than rival tech hedge funds and its short book is up 32%. Coatue Management:This is the hedge fund that just wooed Goldman Sachsstartechnology banker Anthony Noto. Nantucket Dreamland Theater. What, if anything, do you say in the elevator? data from the Securities and Exchange Commission compiled by Bloomberg. Philippe Laffont's hedge fund is doubling down big on fintech payments holding over $1.3 billion in shares of Square (SQ.) As of May. Named one of "The Richest in 2020" on "Forbes' Billionaire List with a $1.4 billion net worth, Laffont, who co-founded Coatue Management in 1999 with his brother, part-time Malibu resident Thomas Laffont, seems to have picked a sure thing when it comes to this Montecito manse. Year 1924. Related To Thomas Laffont, Dominique Laffont, Frederic Laffont. But because the information received is not available to the retail investor, it might be considered insider information by a court. There are 20+ professionals named "Philippe Laffont", who use LinkedIn to exchange information, ideas, and opportunities. Address: 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. offers FT membership to read for free. Philippe Laffont found in Nantucket. The Montecito home last sold for $7.1 million in 2016. In this weeks section: Celebrities and noncelebrities often Premium. The primary quarters now offer 6,000-plus square feet of stylish living space on two levels rife with period details, including wood-beamed ceilings, hardwood flooring, a lovely mosaic-tiled staircase and five vintage fireplaces. Years on List: Earlier this year, at nytoday.com or in the morning, on The New York Times homepage or its New York section. Jim Pallotta, Director Emeritus 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. The listing brokers were Ann Jeffery and Mary Rutherfurd of Brown Harris Stevens. 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. Coatuemanages around $7 billon and recently opened an office in Menlo Park, California to be closer to some of itsSilicon Valley targets. 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. Philippe Laffont runs Coatue Management, a hedge fund and venture capital investor that focuses on technology-themed investing. According to one source I spoke to, Coatue is likely managing between $70 billion and $90 billion today. 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. We will continue to publish one item each weekday Chris Cortazzo of Compass held the Malibu listing; Lily Harfouche of Coldwell Banker repped Laffont. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. The listing brokers were Ann Jeffery and Mary Rutherfurd of Brown Harris Stevens. Share Price as of January 12: $3.82. Less than a year after being ravaged by 2018s Woolsey Fire, Malibus star-studded Point Dume neighborhood has seemingly made a full real estate market comeback. 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. We want to hear from you! 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. Lot Size 1.9 acres. or This content is from: A spokesman for Coatue, which managed $59 billion at the end of 2021, declined to comment. and is located at 14 Easy Street, Nantucket, MA 02554. Our free, fast, and fun briefing on the global economy, delivered every weekday morning. cookies Say an expert network was in contact with Apple's warehouse inventory manager. 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. Instead, Coatue is down just 17% for the year, according to the mid-May investor update. Prior to founding Coatue, Mr. Laffont worked at Tiger Management as a research analyst from 1996 to 1999. Sign up for our newsletter to get the latest stories in hedge funds, PE, fintech, and banking delivered daily to your inbox. 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. In addition, the chairman of the News Corporation, for an attention-grabbing $44 million. FastPeopleSearch results provide address history, property records, and contact information for current and previous tenants. is far from unprecedented. 2016 Hedge Fund 100 Rank: In contrast to the main residence, the new-ish guesthouse is decidedly contemporary in architectural style, featuring soaring ceilings and rows of glassy sliders. 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, Dirt is a part of Penske Media Corporation. He is a so-called Tiger Cub, having spent time working at Julian Robertson's Tiger Management hedge fund. Ray Brusca, Treasurer 1. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Philippe Laffont Profile Coatue Management is a private hedge fund sponsor that is wholly owned by its employees and is headquartered in New York. No. No one from Coatue has been charged with wrongdoing, to the best of our knowledge. 2015 Hedge Fund 100 Rank: Witness this inconspicuous ranch-style home on one of the areas best streets, tucked discreetly away behind gates and hedges. In recent years, Laffont attracted attention for making big bets on. 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. More Tiger Cubs will be investigated, says our source, and he's not surprised that Coatue is one that authorities are looking at. Laffont attributes this success to a patient and long-term investment philosophy, which has seen Coatue grow from $45 million in 1999 to over $25 billion in 2020. Lookup the home address, phone numbers, email address for this person . There are four bedrooms, including a luxurious owners suite with a custom closet and oversized bath. Coatue Management, a secretive hedge fund run by the billionaire Philippe Laffont, has had a wave of departures from its vaunted data-science team. FAQ About Philippe . Founded: Skinny von Stade (SvS): Today, I'm here with my good friend Philippe Laffont, who is the CEO of Coatue, which is one of the most successful technology oriented hedge funds on the street today. Stay up to date with what you want to know. company profile page along with the rest of the general data. Coatue is also cobbling together a wish list of 40 stocks it's keen to buy if the price is right, the presentation said. 5 Charley Polachi, Director Emeritus And Philippe you're also a tiger cub, I believe, as well. Laffont and his wife, Spanish-born lawyer Ana Rivera, maintain an impressive flock of luxury residences across the nation. 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