Coatue's founder, Philippe Laffont, is a '89 MIT grad (MS in Computer Science) who hassummered on Nantucketfor 30 years. An additional nanny room also features an ensuite bath. The listing brokers were Ann Jeffery and Mary Rutherfurd of Brown Harris Stevens. Completely gated and high-hedged for ultimate privacy, the estate features broad expanses of well-watered grass and several mature olive trees. . A former student of Julian Robertson's Tiger Management, Philippe Laffont founded Coatue in 1999. He provided the following example. View the profiles of people named Philippe P Laffont Nantucket. Perhaps standing out above everything else, though, is the estates sprawling, lushly landscaped backyard encircled by those previously mentioned hedges. Related To Thomas Laffont, Dominique Laffont, Frederic Laffont. Philippe Laffont of Coatue Management. The firm he runs, Coatue, looks a lot like billionaire Chase Coleman's Tiger Global Management,. Coatue's portfolio was buoyed by strong short performance, but also a dramatic liquidation of its positions. 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. Coatue Management has $25 billion in overall assets under management. Nantucket Dreamland Theater. Our sourceused to work at an expert network much like Primary Global. Charles Ryan, Director Emeritus 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. The one possible email address for Frederic is flaffont@comcast.net . Like most so-called Tiger Cubs, the tech-focused hedge fund Coatue has lost significant money this year. He didn't elaborate on which expert network or which funds might have received information like this. Ultimately, it could spill out anyway, and the hedge fund might trade on it. Join Facebook to connect with Philippe P Laffont Nantucket and others you may know.. The team, run by a young partner named Alex. 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. Lookup the home address, phone numbers, email address for this person. 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. info@nantucketdreamland.org Laffont and his wife, Spanish-born lawyer Ana Rivera, maintain an impressive flock of luxury residences across the nation. 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. Coatue is characterizedas along/short, tech-focused hedge fund. 2015 Capital: The fund is now preparing when and how to redeploy its staggering cash pile, according to the presentation. You can also receive it via email. Your entire office will be able to use your search subscription. 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. 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. as well as other partner offers and accept our. Laffont is one of the so-called "Tiger Cubs," having worked . You really know your stuff. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Coatue was founded in 1999 by Philippe Laffont. The unit, No. Other hedge funds with a technology focus, like D1 Capital, Lone Pine, and Whale Rock, have also suffered. Coatue Management raised a position in Square by 11% during Q4 to 4.99% . 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. Walt Disney Coatue purchased. 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. 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. Year 1924. Laffont founded Coatue Management in 1999. 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. It may be helpful to read some of the helpful background information about why investment management firms use the networks that our source provided. 212-371-1297. Philippe Laffont Profile Coatue Management is a private hedge fund sponsor that is wholly owned by its employees and is headquartered in New York. SELECT AGE . Public records for Philippe Laffont, 54 years old. "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). If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. The company's principal address is 0 Tuckernuck, Nantucket, MA 02554. MAILING: PO BOX 989 Details. 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. 2016 Capital: Laffont. served to you completely ad free and you will be granted access to view every profile in its entirety, even Founder Philipe Laffont is well known for quickly cutting positions amid market turbulence.. Laurance S. Rockefeller, Anchor investors have committed more than $1.2 billion for a new fund dedicated to structured equity and is targeting $2 billion, according to the investor update. 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. Hedge Fund Net Worth $8.92B Philippe Laffont manages more assets than 50% of other Hedge Fund Managers Average Return +14.59% Premium. "Coatue will talk to anyone who seems like they have information that will prove their investment thesises and support their fundamental research," he says. OFFICE: 508.332.4822 info@nantucketdreamland.org MAILING: PO BOX 989 Nantucket, MA 02554. For cost savings, you can change your plan at any time online in the Settings & Account section. New Position Tesla Inc ( TSLA) - 1,479,068 shares, 6.93% of the total portfolio. We are sorry, but your computer or network may be sending automated queries. 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. commentary and analysis you can trust. You can still enjoy your subscription until the end of your current billing period. 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. by e-mail. 70 The phone number (508) 228-9386 is also used by P Laffont, Frederic J Laffont, Philippe P Laffont. He established Coatue Management in 1999 and serves as the fund's chief investment officer. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. 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. snapped up after his death by Rupert Murdoch, 5 It's a stealth way to bend the rules, basically. 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. Get our latest stories in the feed of your favorite networks. if the company chooses to hide the private information on their profile from the general public. But in addition to Primary Global, Coatue is a client of the expert network firms Coleman Research Group, and Gerson Lehrman Group. Price $11.7 million. The wealthiest new hedge fund billionaire joining the ranks of The Forbes 400 is Philippe Laffont, with a net worth of $6.5 billion. Say an expert network was in contact with Apple's warehouse inventory manager. 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. 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 The memo might have said to clear out the warehouse for a new product. Mr. Rockefellers penthouse was Coatue Management is a tech-focused long-short equity hedge fund. His New Yorkbased, technology-oriented firm, named after a long barrier beach on Nantucket, Massachusetts where Laffont has summered for thirty years, finished 2013 up nearly 20 percent, thanks to high-flying media, technology and Internet stocks, like electric carmaker Tesla Motors, online business networking company LinkedIn and online and DVD movie rental company Netflix. organisation Big Ticket includes closed sales from the previous week ending Wednesday. Redemptions at Level Global, another raided fund, are up to $750 million. View the profiles of professionals named "Philippe Laffont" on LinkedIn. We want to hear from you! A spokesman for Coatue, which managed $59 billion at the end of 2021, declined to comment. Wendy Schmidt, Director Emeritus, OFFICE: 508.332.4822 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. Our free, fast, and fun briefing on the global economy, delivered every weekday morning. . Founded: Philippe Laffont. 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 . From left: Thomas Laffont, Coatue's head of private investments; Philippe Laffont, Coatue's billionaire . Founder Philipe Laffont is well known for quickly cutting positions amid market turbulence. More Tiger Cubs will be investigated, says our source, and he's not surprised that Coatue is one that authorities are looking at. Lot Size 1.9 acres. Specs 6,151 square feet, 5 bedrooms, 6 bathrooms. Coatue Management: Philippe Laffont's hedge fund purchased a whopping 35.2 million shares, making Rivian the fund's largest position. An atmosphere offering the utmost in privacy and security, while at the same time affording easy access to an abundance of nearby amenities. 1999 Dan Sundheims D1 Makes Huge Investment in Instacart, What the SPR Refill Means for Oil Futures, Modern Slavery Act Transparency Statement. Shares added by 31.25% Moderna Inc ( MRNA) - 4,287,003 shares, 4.83% of the total portfolio. One issue is that often these employees are unaware that the information that they have is inappropriate. In recent years, Laffont has also predicted numerous key trends and events in the public markets. Shares reduced by 29.13% The fund is down 17% this year better than rival tech hedge funds and its short book is up 32%. Coatue was founded in 1999 by Philippe Laffont. 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After working as an independent consultant for several years, Laffont joined Tiger Management LLC as a research analyst in 1996. Phillipe Laffont is big on a certain top Goldman tech banker. 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. Jim Pallotta, Director Emeritus Coatue Management / $9.25 billion From 1996 to 1999, he worked as a research analyst at Tiger. Even the financial savant Charles Schwab paid more than $2 million above the $25 million listing price for his ninth-floor apartment there. 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). 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