Coatue Management now owns a 3.94% ownership stake in the . The New York-based fund may not be as well known as, say, John Paulsons eponymousPaulson & Co,but its a known quantity in Silicon Valley circles. Sign up for our newsletter to get the latest stories in hedge funds, PE, fintech, and banking delivered daily to your inbox. Laffont is one of the so-called "Tiger Cubs," having worked . In 1999, Coatue opened with just $15 million in assets under management (AUM). Coatue would be down as much as 40% through May had it held on to its positions from the start of January losses that would put it in league with the likes of Melvin Capital and Tiger Global. 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. But in addition to Primary Global, Coatue is a client of the expert network firms Coleman Research Group, and Gerson Lehrman Group. Coatue also benefitted from founder Philippe Laffont's penchant for turning to cash in a crisis. Fax: 2016 Capital: Big Ticket includes closed sales from the previous week ending Wednesday. Philippe Laffont found in Nantucket. Phillipe Laffont is big on a certain top Goldman tech banker. According to one source I spoke to, Coatue is likely managing between $70 billion and $90 billion today. 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. 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. No. FAQ About Philippe . Access your favorite topics in a personalized feed while you're on the go. Share Price as of January 12: $3.82. 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. . 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. (Verizon New England, Inc). 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. Coatue Management is a tech-focused long-short equity hedge fund. Philippe Laffont is a resident of NY. Shares reduced by 29.13% If you're happy with cookies click proceed. Its believed that thehedge fundderives its nameCoatuefromone of Laffonts choice vacation spots in, Laffont is considered a protege of famous Tiger Management luminary. 1999 MAILING: PO BOX 989 By clicking Sign up, you agree to receive marketing emails from Insider The winner Hopes Fade in Manhattans Darkened Neighborhoods. Completely gated and high-hedged for ultimate privacy, the estate features broad expanses of well-watered grass and several mature olive trees. This content is from: 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. 834 5th Ave, NY. In a somewhat ironic twist of circumstances, the Belgian-born, New York-based tycoon recently purchased an historic Spanish Revival-style residence situated in Montecitos coveted Hedgerow district, which is known for its stunning estate homes sited on oversized lots encased by towering hedges hence, the name. 212-371-1297. Lookup the home address, phone numbers, email address for this person . Wendy Schmidt, Director Emeritus, OFFICE: 508.332.4822 5 Includes Address(6) Phone(10) Email(2) See Results . The contact is Philippe Laffont from New York NY. Send us a tip using our anonymous form. 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 . Past residents include Ana Diezderivera, Justin Fredericks, Sandra Fredericks, Stephen Fredericks and Philippe Laffont. At age 50, Forbes estimates that Laffont is now a billionaire, with a net worth of $1.4 billion. What, if anything, do you say in the elevator? That means the fund makes both long investments in companies with the expectationthat theyllperform well, andshort bets, or investmentsthat reflect a bearish outlook. Laffont worked at Julian Robertson's Tiger Management until it closed andfounded Coatue in 1999. Philippe Laffont, Director Emeritus 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. "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). He provided the following example. All Rights Reserved. And Philippe you're also a tiger cub, I believe, as well. offers FT membership to read for free. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. The fund is down 17% this year better than rival tech hedge funds and its short book is up 32%. 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. The wealthiest new hedge fund billionaire joining the ranks of The Forbes 400 is Philippe Laffont, with a net worth of $6.5 billion. The team, run by a young partner named Alex. You can find the latest New York Today John D. Rockefellers grandson, moved into the penthouse and liked the building so much that he bought it outright in 1946, later converting his investment to co-ops. live in close proximity in New York. View the profiles of people named Philippe P Laffont Nantucket. 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. Philippe Laffont, the 47-year-old founder of Coatue Management, is a Tiger Cub through and through. Year 1924. Already a subscriber? He is a founder and member of the Executive Board of the Dreamland Theater in Nantucket. Even the financial savant Charles Schwab paid more than $2 million above the $25 million listing price for his ninth-floor apartment there. 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? We will continue to publish one item each weekday He is a so-called. is far from unprecedented. Website: as well as other partner offers and accept our. You can also receive it via email. Coatue's General Counsel did not return a request for comment. 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. Philippe P. Laffont is the founder and portfolio manager of Coatue Management. Get the latest scoop directly in your inbox. He was a research analyst at Tiger Management in the 1990s, where he honed his skills as a. 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. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. Inside the rise and fall of Coatue's much-hyped but short-lived $350 million quant fund. Address: Philippe Laffont founded Coatue Management in 1999 after working at Julian Robertson's Tiger Management. Perhaps standing out above everything else, though, is the estates sprawling, lushly landscaped backyard encircled by those previously mentioned hedges. Strong performance from its short book, which was up 32%, helped mitigate the pain. Charley Polachi, Director Emeritus Coatue is characterizedas along/short, tech-focused hedge fund. 212-715-5100 You really know your stuff. Join Facebook to connect with Philippe P Laffont Nantucket and others you may know.. Your entire office will be able to use your search subscription. was Philippe Laffont, the head of Coatue, a multibillion-dollar hedge fund. morning and a round-up in Monday's print edition. company profile page along with the rest of the general data. John Schmidt, Chair 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's portfolio was buoyed by strong short performance, but also a dramatic liquidation of its positions. The firm he runs, Coatue, looks a lot like billionaire Chase Coleman's Tiger Global Management,. Our free, fast, and fun briefing on the global economy, delivered every weekday morning. cookies www.coatue.com Like most so-called Tiger Cubs, the tech-focused hedge fund Coatue has lost significant money this year. The phone number (508) 228-9386 is also used by P Laffont, Frederic J Laffont, Philippe P Laffont. Public records for Philippe Laffont, 54 years old. 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. Sources familiar with Laffont's management said he's known for liquidating positions when markets get choppy. at nytoday.com or in the morning, on The New York Times homepage or its New York section. 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. To continue reading, subscribe now to Premium Journalism. A spokesman for Coatue, which managed $59 billion at the end of 2021, declined to comment. 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. 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. So initially, they agree that they won't disclose nonpublic information, but the average Joe Schmo doesn't know what that means. and other data for a number of reasons, such as keeping FT Sites reliable and secure, 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. You have a math and science . The Registered Agent on file for this company is C. Richard Loftin, Esq. Coatue liquidated positions and moved to 80% cash during the recent market selloff, according to an investor presentation from May. In recent years, Laffont has also predicted numerous key trends and events in the public markets. New York Today is still going strong! Get our latest stories in the feed of your favorite networks. 1 found for Phill Laffont in Nantucket, Massachusetts. Simply log into Settings & Account and select "Cancel" on the right-hand side. Benefitted from founder Philippe Laffont book is up 32 %, helped mitigate the pain )., according to one source I spoke to, Coatue, which was up 32 %, helped the. Solve any complicated Recaptcha V2 challenges fund is down 17 % this year of the &! End of 2021, declined to comment may know now owns a 3.94 % stake... The Global economy, delivered every weekday morning estimates that Laffont is the founder member! Research philippe laffont nantucket, and fun briefing on the go the head of Coatue & # x27 ; s Global... 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