Sign up for notifications from Insider! Coatue's General Counsel did not return a request for comment. You can also receive it via email. 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. 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. He deserved every cent, since he managed to navigate a pandemic and a political and economic. Possible relatives for Philippe Laffont include . personalising content and ads, providing social media features and to Lot Size 1.9 acres. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. Past residents include Ana Diezderivera, Justin Fredericks, Sandra Fredericks, Stephen Fredericks and Philippe Laffont. Coatue Management has $25 billion in overall assets under management. Philippe Laffont #1517 Philippe Laffont Philippe Laffont runs Coatue Management, a hedge fund and venture capital that focusses on technology-themed investing. Simply log into Settings & Account and select "Cancel" on the right-hand side. Philippe Laffont founded Coatue Management in 1999 after working at Julian Robertson's Tiger Management. Charles Ryan, Director Emeritus Like most so-called Tiger Cubs, the tech-focused hedge fund Coatue has lost significant money this year. 2023 Dirt.com, LLC. 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. New Position Tesla Inc ( TSLA) - 1,479,068 shares, 6.93% of the total portfolio. 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. Check if your OFFICE: 508.332.4822 info@nantucketdreamland.org MAILING: PO BOX 989 Nantucket, MA 02554. Resides in New York, NY. Coatue Management, a secretive hedge fund run by the billionaire Philippe Laffont, has had a wave of departures from its vaunted data-science team. Coatue has disclosed to at least one of the expert networks that they are a client of that they are being investigated, but we have not confirmed whether or not the fund has informed their investors of the insider trading investigation. Considered one of. Location: Nantucket, MA (1) Refine Your Search Results. Coatue was founded in 1999 by Philippe Laffont. The wealthiest new hedge fund billionaire joining the ranks of The Forbes 400 is Philippe Laffont, with a net worth of $6.5 billion. 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. But it's now public thatPrimary Global consultant Walter Shimoon (now arrested) was paid just thousands of dollars to pass on to hedge fund managers potentially priceless information about the iPhone 4 camera that his employer, Flextronics, was helping Apple build. 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. Fax: Related To Thomas Laffont, Dominique Laffont, Frederic Laffont. During the market meltdown in 2008 and 2009, cash topped out at 60%, and during the early days of the pandemic, cash stood at more than 20%. Address: 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. The popularity rank for the name Dominique was 1851 in the US in 2020, the Social Security . Witness this inconspicuous ranch-style home on one of the areas best streets, tucked discreetly away behind gates and hedges. The Montecito home last sold for $7.1 million in 2016. Perhaps surprisingly, the property does not currently include a pool or an ocean view, for that matter but the house is a short three-minute walk to Little Dume, the all-but-private beach that possesses one of L.A.s most scenic coastlines. . Nantucket, MA 02554. Big Ticket includes closed sales from the previous week ending Wednesday. He named the fund for the vacation spot; Coatue is a long barrier beach on Nantucket. Information about the iPhone 4's new camera, obviously, is worth millions to someone who is investing in the company that makes the camera. So initially, they agree that they won't disclose nonpublic information, but the average Joe Schmo doesn't know what that means. was Philippe Laffont, the head of Coatue, a multibillion-dollar hedge fund. The most recent tenant is Ana Laffont. 1. Coatue's long bets, including DoorDash, Netflix, and Peloton, have gotten smoked as well, losing 45%. 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 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). live in close proximity in New York. Philippe Laffont, the 47-year-old founder of Coatue Management, is a Tiger Cub through and through. 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. 212-715-5100 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 . 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. www.coatue.com Stay up to date with what you want to know. The main house, a low-slung ranch-style abode with approximately 1,600 square feet of living space, was originally built in 1949 and has since been totally renovated with new wide-plank hardwood floors, soaring walls of glass, an outdoor fireplace and covered lanai with ample space for al fresco dining. Laffont founded Coatue Management in 1999. 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. Coatue's portfolio was buoyed by strong short performance, but also a dramatic liquidation of its positions. There are also a formal dining room, office area and, per the listing, a wine cellar. No. 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. You can find the latest entries at nytimes.com/diary and on our New York section online. 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 Management founder and billionaire Philippe Laffont has cemented himself as a highly successful fund manager. A phone number associated with this person is (212) 861-6570 , and we have 7 other possible phone numbers in the same local area codes 212 and 516 . Philippe Laffont is a resident of NY. Phone: Suspicion first arose that Coatue would face a fate similar to Level Global and the others involved in the investigation when word got out that Laffont received John Kinnucan's infamous email warning his clients that the FBI had asked him to wear a wire. All Filters. View Philippe Laffont's record in New York, NY including current phone number, address, relatives, background check report, and property record with Whitepages. Laffont is one of the so-called "Tiger Cubs," having worked . View the profiles of people named Philippe P Laffont Nantucket. He is a founder and member of the Executive Board of the Dreamland Theater in Nantucket. There are 20+ professionals named "Philippe Laffont", who use LinkedIn to exchange information, ideas, and opportunities. We will continue to publish one item each weekday Laffont founded Coatue Management in 1999. The winner was Philippe Laffont, the head of Coatue, a multibillion-dollar hedge fund. Inside the rise and fall of Coatue's much-hyped but short-lived $350 million quant fund. 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 if we've collected "Sales Lead Information" for a given company, it will be displayed on the His is a story that needs to be told - and heardwhich is why we decided to profile him in this Manager Monday. Coatue Management / $9.25 billion 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. In recent years, Laffont attracted attention for making big bets on. It's believed that the hedge fund derives its name-Coatue-from one of Laffont's choice vacation spots in Nantucket, Massachusetts. and is located at 14 Easy Street, Nantucket, MA 02554. The one-acre Laffont Atherton estate was acquired in 2012 for about $13.8 million and is anchored by a Traditional-style mansion of nearly 10,000 square feet. 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. 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Public records for Philippe Laffont, 54 years old. Coatue was founded in 1999 by Philippe Laffont. Copyright 2023 Nantucket Dreamland Foundation. 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. Considered one of Candelas masterpieces, 834 Fifth has attracted high-wattage personalities since it was erected in 1931: Bing Crosby was one of the first residents. Coatue invested $50 million in photo messaging application company Snapchat that December, Back to Hedge Fund 100 Firm Profile Ranking Philippe Laffont, the 47-year-old founder of Coatue Management, is a Tiger Cub through and through. He provided the following example. 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. 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 . 2023 Dirt.com, LLC. by e-mail. Refine Your Results. 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 the coming months or years, regulators are going to have to decide whether or not this is legal. Dirt is a part of Penske Media Corporation. If you are in need of enterprise level search, please consider signing up for a Bizapedia Pro Search account as described on this page. These winter days, you'll probably find him in his Patagonia and corduroys, walking around the upper east side, where Coatue is located. Philippe Laffont is a hedge fund manager. A logo for Pfizer is displayed on a monitor on the floor at the New York Stock Exchange, July 29, 2019. Founded: Found close-by is Miramar Beach, along with fine dining, shopping, and the upscale Rosewood Miramar, Four Seasons Biltmore and San Ysidro Ranch resorts. We use 70 All Rights Reserved. Philippe Laffont of Coatue Management. He didn't elaborate on which expert network or which funds might have received information like this. Login. 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. SELECT AGE . We want to hear from you! The lower level is highlighted by formal family and living rooms, both with fireplaces and French doors that open to a charming central courtyard, while a gourmet kitchen comes equipped with high-end appliances, a built-in desk and center eat-in island topped by a skylight. Dan Sundheims D1 Makes Huge Investment in Instacart, What the SPR Refill Means for Oil Futures, Modern Slavery Act Transparency Statement. 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. offers FT membership to read for free. In addition, all pages on Bizapedia will be 2016 Capital: From left: Thomas Laffont, Coatue's head of private investments; Philippe Laffont, Coatue's billionaire . 9 West 57th Street, 25th floorNew York, NY 10019 Like Robertson, Philippe built his empire from relatively humble beginnings. Already a subscriber? Get our latest stories in the feed of your favorite networks. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. That means the fund makes both long investments in companies with the expectationthat theyllperform well, andshort bets, or investmentsthat reflect a bearish outlook. Get our latest stories in the feed of your favorite networks. 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. After working as an independent consultant for several years, Laffont joined Tiger Management LLC as a research analyst in 1996. the chairman of the News Corporation, for an attention-grabbing $44 million. Anne and Robert Bass expanded the contingent of resident billionaires by spending $42 million for their 12th-floor apartment. 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 If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. Shares reduced by 29.13% Dominique F Laffont is a resident of Nantucket. Our free, fast, and fun briefing on the global economy, delivered every weekday morning. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. 834 5th Ave, NY. 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. 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