. Our sourceused to work at an expert network much like Primary Global. To continue reading, subscribe now to Premium Journalism. Other hedge funds with a technology focus, like D1 Capital, Lone Pine, and Whale Rock, have also suffered. 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. Coatue's founder, Philippe Laffont, is a '89 MIT grad (MS in Computer Science) who has summered on Nantucket for 30 years. 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 team, run by a young partner named Alex. 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 . Share Price as of January 12: $3.82. Send us a tip using our anonymous form. 1999 Years on List: From left: Thomas Laffont, Coatue's head of private investments; Philippe Laffont, Coatue's billionaire . Jim Pallotta, Director Emeritus Phillipe Laffont is big on a certain top Goldman tech banker. 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. Coatue was founded in 1999 by Philippe Laffont. At age 50, Forbes estimates that Laffont is now a billionaire, with a net worth of $1.4 billion. served to you completely ad free and you will be granted access to view every profile in its entirety, even You can find the latest New York Today offers FT membership to read for free. 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 Founder Philipe Laffont is well known for quickly cutting positions amid market turbulence.. A logo for Pfizer is displayed on a monitor on the floor at the New York Stock Exchange, July 29, 2019. 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. But because the information received is not available to the retail investor, it might be considered insider information by a court. For a full comparison of Standard and Premium Digital, click here. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Website: Witness this inconspicuous ranch-style home on one of the areas best streets, tucked discreetly away behind gates and hedges. Named . Address: 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. He established Coatue Management in 1999 and serves as the fund's chief investment officer. 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. In 2020, Coatue built a significant short position in Wirecard and expanded its stake . There are 20+ professionals named "Philippe Laffont", who use LinkedIn to exchange information, ideas, and opportunities. The wealthiest new hedge fund billionaire joining the ranks of The Forbes 400 is Philippe Laffont, with a net worth of $6.5 billion. Like Robertson, Philippe built his empire from relatively humble beginnings. For cost savings, you can change your plan at any time online in the Settings & Account section. Philippe P Laffont, 55. All rights reserved. is far from unprecedented. 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. Philippe Laffont's Coatue bets big on Rivian and Pfizer during the fourth quarter. 2016 Hedge Fund 100 Rank: and is located at 14 Easy Street, Nantucket, MA 02554. We are sorry, but your computer or network may be sending automated queries. 212-371-1297. No one from Coatue has been charged with wrongdoing, to the best of our knowledge. analyse how our Sites are used. Found close-by is Miramar Beach, along with fine dining, shopping, and the upscale Rosewood Miramar, Four Seasons Biltmore and San Ysidro Ranch resorts. It may be helpful to read some of the helpful background information about why investment management firms use the networks that our source provided. No. 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. 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 2016 Capital: Coatue Management now owns a 3.94% ownership stake in the . Laurance S. Rockefeller, Laffont founded Coatue Management in 1999. or Fax: by e-mail. Coatue Management founder and billionaire Philippe Laffont has cemented himself as a highly successful fund manager. Get our latest stories in the feed of your favorite networks. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. Related To Thomas Laffont, Dominique Laffont, Frederic Laffont. Founder Philipe Laffont is well known for quickly cutting positions amid market turbulence. He is a so-called Tiger Cub, having spent time working at Julian Robertson's Tiger Management hedge fund. was Philippe Laffont, the head of Coatue, a multibillion-dollar hedge fund. 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. Dirt is a part of Penske Media Corporation. morning and a round-up in Monday's print edition. "Coatue will talk to anyone who seems like they have information that will prove their investment thesises and support their fundamental research," he says. Lived In Nantucket MA. He named the fund for the vacation spot; Coatue is a long barrier beach on Nantucket. 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. Coatue is characterizedas along/short, tech-focused hedge fund. The Nantucket Dreamland Foundation is a 501(c)(3) nonprofit corporation and public charity. 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. Hopes Fade in Manhattans Darkened Neighborhoods. 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. 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. The winner was Philippe Laffont, the head of Coatue, a multibillion-dollar hedge fund. Compare Standard and Premium Digital here. You can also receive it via email. 5 Chris Cortazzo of Compass held the Malibu listing; Lily Harfouche of Coldwell Banker repped Laffont. 2023 Dirt.com, LLC. Sign up for notifications from Insider! 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. Coatue Management / $9.25 billion 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. as well as other partner offers and accept our. 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. organisation 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 . Leah Day VanHorn, Vice Chair But Coatue's approach has shielded it from the worst of the carnage. These are the top 5 holdings of Philippe Laffont Rivian Automotive Inc ( RIVN) - 35,226,301 shares, 16.20% of the total portfolio. Again, no one from Coatue has been charged with anything, as far as we know. Send questions or suggestions 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. According to a OneWire interview, Laffont developed his passion for technology at an early age. This content is from: The upstairs level, meanwhile, houses four large bedrooms, including a master retreat with a balcony, expansive closet, and luxe spa-inspired bathroom with soaking tub and separate shower. Big Ticket includes closed sales from the previous week ending Wednesday. If you are in need of enterprise level search, please consider signing up for a Bizapedia Pro Search account as described on this page. Metropolitan Diary continues to publish! 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%. View the profiles of professionals named "Philippe Laffont" on LinkedIn. cookies Earlier this year, The most recent tenant is Ana Laffont. the chairman of the News Corporation, for an attention-grabbing $44 million. Sources familiar with Laffont's management said he's known for liquidating positions when markets get choppy. You can find the latest entries at nytimes.com/diary and on our New York section online. One issue is that often these employees are unaware that the information that they have is inappropriate. . He provided the following example. MAILING: PO BOX 989 Every month during 2009, analysts from Coatue spoke to a bare minimum of 3 consultants, for example, analysts from Coatue met with consultants on STEC, CREE, Juniper, and Dolby during 2009. We want to hear from you! 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. Hedge Fund Net Worth $8.92B Philippe Laffont manages more assets than 50% of other Hedge Fund Managers Average Return +14.59% An atmosphere offering the utmost in privacy and security, while at the same time affording easy access to an abundance of nearby amenities. Named one of The Richest in 2020 on Forbes Billionaire List with a $1.4 billion net worth, Laffont, who co-founded Coatue Managementin 1999 with his brother, part-time Malibu resident Thomas Laffont, seems to have picked a sure thing when it comes to this Montecito manse. 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. Philippe Laffont found in Nantucket. Its believed that thehedge fundderives its nameCoatuefromone of Laffonts choice vacation spots in, Laffont is considered a protege of famous Tiger Management luminary. 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. Philippe P. Laffont is the founder and portfolio manager of Coatue Management. Philippe Laffont of Coatue Management. Phill Laffont is 54 years old, and lives in NY. New York Today is still going strong! 212-715-5100 . Utilize our advanced search form to filter the search results by Company Name, City, State, Postal Code, Sign up for our newsletter to get the latest stories in hedge funds, PE, fintech, and banking delivered daily to your inbox. snapped up after his death by Rupert Murdoch, Philippe Laffont. 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. www.coatue.com 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. These winter days, you'll probably find him in his Patagonia and corduroys, walking around the upper east side, where Coatue is located.
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