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 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. According to one source I spoke to, Coatue is likely managing between $70 billion and $90 billion today. 2023 Dirt.com, LLC. 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, There are also a formal dining room, office area and, per the listing, a wine cellar. View the profiles of professionals named "Philippe Laffont" on LinkedIn. Send questions or suggestions 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. Website: Related To Thomas Laffont, Dominique Laffont, Frederic Laffont. Coatue Management founder and billionaire Philippe Laffont has cemented himself as a highly successful fund manager. He says it's because if you don't, someone else will get the information before you, and you'll lose the opportunity to earn your investors coveted returns over 10%. $8 billion Get our latest stories in the feed of your favorite networks. The phone number (508) 228-9386 is also used by P Laffont, Frederic J Laffont, Philippe P Laffont. You may change or cancel your subscription or trial at any time online. We may earn a commission from links on this page. Coatue Management raised a position in Square by 11% during Q4 to 4.99% . Built in 1924, the estates main residence and guest cottage recently underwent an extensive renovation. Sources familiar with Laffont's management said he's known for liquidating positions when markets get choppy. 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. morning and a round-up in Monday's print edition. . FrontPoint investors pulled $3 billion from the fund after news that its healthcare manager. live in close proximity in New York. The Nantucket Dreamland Foundation is a 501(c)(3) nonprofit corporation and public charity. 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. Coatue's portfolio was buoyed by strong short performance, but also a dramatic liquidation of its positions. 70 It's believed that the hedge fund derives its name-Coatue-from one of Laffont's choice vacation spots in Nantucket, Massachusetts. with up to 5 times the number of maximum matches per search vs. non-subscribers. The company has 1 contact on record. All Rights Reserved. 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. 1999 That move, along with the hiring of Noto, is a clear sign that Coatue plans on getting even more entrenched in the technology sector. The unit, No. Ultimately, it could spill out anyway, and the hedge fund might trade on it. There are 20+ professionals named "Philippe Laffont", who use LinkedIn to exchange information, ideas, and opportunities. snapped up after his death by Rupert Murdoch, Coatue invested $50 million in photo messaging application company Snapchat that December, Back to Hedge Fund 100 Firm Profile Ranking February 14, 2022 Philippe Laffont (Chris Goodney/Bloomberg) Coatue Management is raising money for a new niche hedge fund.According to a regulatory filing, the Tiger Cub headed by Philippe. Keep abreast of significant corporate, financial and political developments around the world. To continue reading, subscribe now to Premium Journalism. . Philippe Laffont, the 47-year-old founder of Coatue Management, is a Tiger Cub through and through. 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. Founder Philipe Laffont is well known for quickly cutting positions amid market turbulence.. 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. Stay up to date with what you want to know. He provided the following example. Walt Disney Coatue purchased. Share Price as of January 12: $3.82. The team, run by a young partner named Alex. Instead, Coatue is down just 17% for the year, according to the mid-May investor update. If you are in need of enterprise level search, please consider signing up for a Bizapedia Pro Search account as described on this page. at nytoday.com or in the morning, on The New York Times homepage or its New York section. Let's go see what he's up to. Jim Pallotta, Director Emeritus For a full comparison of Standard and Premium Digital, click here. Possible relatives for Philippe Laffont include . Prior to founding Coatue, Mr. Laffont worked at Tiger Management as a research analyst from 1996 to 1999. 2015 Hedge Fund 100 Rank: Redemptions at Level Global, another raided fund, are up to $750 million. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Hedge Fund Net Worth $8.92B Philippe Laffont manages more assets than 50% of other Hedge Fund Managers Average Return +14.59% At age 50, Forbes estimates that Laffont is now a billionaire, with a net worth of $1.4 billion. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. From 1996 to 1999, he worked as a research analyst at Tiger. Founded: Copyright 2023 Nantucket Dreamland Foundation. These winter days, you'll probably find him in his Patagonia and corduroys, walking around the upper east side, where Coatue is located. Say an expert network was in contact with Apple's warehouse inventory manager. He was a research analyst at Tiger Management in the 1990s, where he honed his skills as a. In the coming months or years, regulators are going to have to decide whether or not this is legal. 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. 5 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. Named . Coatue Management:This is the hedge fund that just wooed Goldman Sachsstartechnology banker Anthony Noto. 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. We use An atmosphere offering the utmost in privacy and security, while at the same time affording easy access to an abundance of nearby amenities. 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. The company's principal address is 0 Tuckernuck, Nantucket, MA 02554. Laffont worked at Julian Robertson's Tiger Management until it closed andfounded Coatue in 1999. The Montecito home last sold for $7.1 million in 2016. Access your favorite topics in a personalized feed while you're on the go. No. The listing brokers were Ann Jeffery and Mary Rutherfurd of Brown Harris Stevens. and the president of Underhill Industries who died in 2008. 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). Dan Sundheims D1 Makes Huge Investment in Instacart, What the SPR Refill Means for Oil Futures, Modern Slavery Act Transparency Statement. 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. Get the latest scoop directly in your inbox. No. 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. Nantucket, MA 02554. In Laffont's view, the broad market selloff has unfairly hit some profitable tech stocks "babies get thrown out with the bath water" priming them for a stronger rebound eventually. Hopes Fade in Manhattans Darkened Neighborhoods. We want to hear from you! 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. Public records for Philippe Laffont, 54 years old. Robin Rednor, Secretary, John Johnson, Director Emeritus But because the information received is not available to the retail investor, it might be considered insider information by a court. Standard Digital includes access to a wealth of global news, analysis and expert opinion. According to a OneWire interview, Laffont developed his passion for technology at an early age. 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. Resides in New York, NY. The Registered Agent on file for this company is C. Richard Loftin, Esq. Kathy Penske, Director Emeritus 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. Its believed that thehedge fundderives its nameCoatuefromone of Laffonts choice vacation spots in, Laffont is considered a protege of famous Tiger Management luminary. Premium. Dirt is a part of Penske Media Corporation. What, if anything, do you say in the elevator? 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. Phone: 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. Anne and Robert Bass expanded the contingent of resident billionaires by spending $42 million for their 12th-floor apartment. 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. Our free, fast, and fun briefing on the global economy, delivered every weekday morning. OFFICE: 508.332.4822 info@nantucketdreamland.org MAILING: PO BOX 989 Nantucket, MA 02554. FAQ About Philippe . 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. Strong performance from its short book, which was up 32%, helped mitigate the pain. Lookup the home address and phone 5166711606 and other contact details for this person. In 2020, Coatue built a significant short position in Wirecard and expanded its stake . But Laffont told investors the market likely has further to fall before many of them become attractive potentially another 20%. To protect our site, we cannot process your request right now. 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. The winner 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. In this weeks section: Celebrities and noncelebrities often Your entire office will be able to use your search subscription. 2016 Hedge Fund 100 Rank: 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. Leah Day VanHorn, Vice Chair Philippe Laffont. He named the fund for the vacation spot; Coatue is a long barrier beach on Nantucket. He didn't elaborate on which expert network or which funds might have received information like this. 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