Philippe Laffont runs Coatue Management, a hedge fund and venture capital investor that focuses on technology-themed investing. Since 1976, Metropolitan Diary has been a place for New Yorkers, past and present, to share odd fleeting moments in the city. New York, NY Perhaps standing out above everything else, though, is the estates sprawling, lushly landscaped backyard encircled by those previously mentioned hedges. Philippe Laffont, Founder and CEO of Coatue Management - Part I OneWire 4.02K subscribers Subscribe 206 25K views 9 years ago OneWire ( http://www.onewire.com/videos) interviews Philippe. Other hedge funds with a technology focus, like D1 Capital, Lone Pine, and Whale Rock, have also suffered. Philippe Laffont, the 47-year-old founder of Coatue Management, is a Tiger Cub through and through. Details. And Philippe you're also a tiger cub, I believe, as well. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. Charley Polachi, Director Emeritus 18-30 31-40 41-50 51-59 . info@nantucketdreamland.org The Montecito home last sold for $7.1 million in 2016. Coatue Management / $9.25 billion Sources familiar with Laffont's management said he's known for liquidating positions when markets get choppy. Dirt is a part of Penske Media Corporation. You can also receive it via email. The listing brokers were Ann Jeffery and Mary Rutherfurd of Brown Harris Stevens. Specs 6,151 square feet, 5 bedrooms, 6 bathrooms. 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. All rights reserved. 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. 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. Coatuemanages around $7 billon and recently opened an office in Menlo Park, California to be closer to some of itsSilicon Valley targets. Founder Philipe Laffont is well known for quickly cutting positions amid market turbulence. Get our latest stories in the feed of your favorite networks. 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. For cost savings, you can change your plan at any time online in the Settings & Account section. Jim Pallotta, Director Emeritus FrontPoint investors pulled $3 billion from the fund after news that its healthcare manager. www.coatue.com Browse Locations. 2016 Capital: With the Bizapedia Pro Search service you will get unlimited searches via our various search forms, Possible relatives for Philippe Laffont include . Philippe Laffont. The fund is down 17% this year better than rival tech hedge funds and its short book is up 32%. Our free, fast, and fun briefing on the global economy, delivered every weekday morning. 75. Coatue Management:This is the hedge fund that just wooed Goldman Sachsstartechnology banker Anthony Noto. For a full comparison of Standard and Premium Digital, click here. Shares reduced by 29.13% Ultimately, it could spill out anyway, and the hedge fund might trade on it. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Laffont is one of the so-called "Tiger Cubs," having worked . Prior to founding Coatue, Mr. Laffont worked at Tiger Management as a research analyst from 1996 to 1999. live in close proximity in New York. Lookup the home address, phone numbers, email address for this person . Access your favorite topics in a personalized feed while you're on the go. 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. A spokesman for Coatue, which managed $59 billion at the end of 2021, declined to comment. 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. View Philippe Laffont's record in New York, NY including current phone number, address, relatives, background check report, and property record with Whitepages. $9.7 billion According to one source I spoke to, Coatue is likely managing between $70 billion and $90 billion today. 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. Lookup the home address, phone numbers, email address for this person. 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. OFFICE: 508.332.4822 info@nantucketdreamland.org MAILING: PO BOX 989 Nantucket, MA 02554. Compare Standard and Premium Digital here. 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%. 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? One Tiger Cub, Tiger Asia Management, is already being investigated by regulators. 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. In contrast to the main residence, the new-ish guesthouse is decidedly contemporary in architectural style, featuring soaring ceilings and rows of glassy sliders. 212-371-1297. cookies We may earn a commission from links on this page. as well as other partner offers and accept our. Fax: Premium. Named . Related To Thomas Laffont, Dominique Laffont, Frederic Laffont. Lived In Nantucket MA. Coatue's portfolio was buoyed by strong short performance, but also a dramatic liquidation of its positions. Founder Philipe Laffont is well known for quickly cutting positions amid market turbulence.. 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. 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. Send questions or suggestions 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. Two houses with a total of 5 beds, 5 baths, Refined Estate in the Hills Sells to Fayed Family Member, Rob Lowes Son John Owen Scores LA Home With Big Views, Mark Wahlbergs $55 Million Mansion Sold to Buyer of Heather Dubrows Newport Chateau, Britney Spears Takes Hefty Loss on Calabasas Mansion, Glitzy Hollywood Regency Lair Up for Grabs in Palm Springs' Most Over-the-Top Enclave, South Pasadena House Remodeled by RM Schindler Needs a Hero, Michael Milkens Son Asks $64 Million for Longtime Palisades Home, New York Hedge Funder Lands Classic Santa Monica Home. 2023 Dirt.com, LLC. The contact is Philippe Laffont from New York NY. A former student of Julian Robertson's Tiger Management, Philippe Laffont founded Coatue in 1999. The winner was Philippe Laffont, the head of Coatue, a multibillion-dollar hedge fund. 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. He is a so-called. Login. 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. The most recent tenant is Ana Laffont. More Tiger Cubs will be investigated, says our source, and he's not surprised that Coatue is one that authorities are looking at. Send us a tip using our anonymous form. It's believed that the hedge fund derives its name-Coatue-from one of Laffont's choice vacation spots in Nantucket, Massachusetts. It may be helpful to read some of the helpful background information about why investment management firms use the networks that our source provided. Let's go see what he's up to. Charles Ryan, Director Emeritus Redemptions at Level Global, another raided fund, are up to $750 million. Get our latest stories in the feed of your favorite networks. If you're happy with cookies click proceed. Philippe Laffont's hedge fund is doubling down big on fintech payments holding over $1.3 billion in shares of Square (SQ.) offers FT membership to read for free. You can find the latest entries at nytimes.com/diary and on our New York section online. Like most so-called Tiger Cubs, the tech-focused hedge fund Coatue has lost significant money this year. morning and a round-up in Monday's print edition. Stay up to date with what you want to know. In this weeks section: Celebrities and noncelebrities often 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. 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. 1 found for Phill Laffont in Nantucket, Massachusetts. 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. Coatue is characterizedas along/short, tech-focused hedge fund. These winter days, you'll probably find him in his Patagonia and corduroys, walking around the upper east side, where Coatue is located. The result? All Filters. There are four bedrooms, including a luxurious owners suite with a custom closet and oversized bath. We would like to show you a description here but the site won't allow us. 15 Fulling Mill Rd, Nantucket. Philippe Laffont, manager of Coatue Management, which gained 65%, got paid $1.6 billion in 2020. 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. or No. 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. 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. Philippe P Laffont, 55. The fund is now preparing when and how to redeploy its staggering cash pile, according to the presentation. university organisation MAILING: PO BOX 989 6,151 square feet, 5 bedrooms, 6 bathrooms, Michael Milkens Son Asks $64 Million for Longtime Palisades Home, Frank Lloyd Wrights Only Oceanfront Home Sells for Record Price, Britney Spears Takes Hefty Loss on Calabasas Mansion, Sprouts CEO Bags Oceanfront Carpinteria Beach House, Ellen DeGeneres Sells Montecito's Historic Rancho San Leandro to Bumble CEO, Lavish Montecito Mansion Where Meghan and Harry Filmed Netflix Doc Listed at $33.5 Million, Refined Estate in the Hills Sells to Fayed Family Member, New York Hedge Funder Lands Classic Santa Monica Home. Nantucket, MA (1) Refine Your Search Results. 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. 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