By clicking Sign up, you agree to receive marketing emails from Insider Sign up for notifications from Insider! The two-structure compound includes a main house and a substantial guesthouse, both of which come equipped with their own two-car garage. The fund is down 17% this year better than rival tech hedge funds and its short book is up 32%. 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, He is a so-called. Rank: 21 (tie)Firm: Coatue Management Headquarters: New York Earnings: $100 million A disciple of Julian Robertson, Philippe Laffont left Tiger Management in 1999 to form Coatue Management. Get the latest scoop directly in your inbox. Sources familiar with Laffont's management said he's known for liquidating positions when markets get choppy. 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. And the new product, it could have turned out, was the iPhone 4. 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. 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. 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. Price $11.7 million. Like Robertson, Philippe built his empire from relatively humble beginnings. No. Details. Charley Polachi, Director Emeritus He named the fund for the vacation spot; Coatue is a long barrier. The fund is down 17% this year better than rival tech hedge funds and its short book is up 32%. Other interior amenities include a stacked-stone fireplace, a dining area, and a European-style country kitchen with custom cabinetry and high-end appliances. 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. You can also receive it via email. Philippe Laffont founded Coatue Management in 1999 after working at Julian Robertson's Tiger Management. Coatue Management: Philippe Laffont's hedge fund purchased a whopping 35.2 million shares, making Rivian the fund's largest position. 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. The contact is Philippe Laffont from New York NY. Lookup the home address, phone numbers, email address for this person . 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. Ideal for entertaining, the grounds include a new free-standing gym, pool and spa flanked by an open-air cabana and built-in barbecue, an award-winning rose garden replete with flag pole, a clay tennis court and pavilion, koi pond, flowing creek, numerous fountains and even a private well. Coatue Management now owns a 3.94% ownership stake in the . Dan Sundheims D1 Makes Huge Investment in Instacart, What the SPR Refill Means for Oil Futures, Modern Slavery Act Transparency Statement. Witness this inconspicuous ranch-style home on one of the areas best streets, tucked discreetly away behind gates and hedges. Philippe Laffont is a resident of Locust Valley. The winner was Philippe Laffont, the head of Coatue, a multibillion-dollar hedge fund. You really know your stuff. 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? Our free, fast, and fun briefing on the global economy, delivered every weekday morning. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. The one possible email address for Frederic is flaffont@comcast.net . New York Today is still going strong! Jim Pallotta, Director Emeritus We want to hear from you! Shares added by 31.25% Moderna Inc ( MRNA) - 4,287,003 shares, 4.83% of the total portfolio. According to a OneWire interview, Laffont developed his passion for technology at an early age. There are also a formal dining room, office area and, per the listing, a wine cellar. He was a research analyst at Tiger Management in the 1990s, where he honed his skills as a. With the Bizapedia Pro Search service you will get unlimited searches via our various search forms, and the president of Underhill Industries who died in 2008. 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. snapped up after his death by Rupert Murdoch, Ultimately, it could spill out anyway, and the hedge fund might trade on it. Information about the iPhone 4's new camera, obviously, is worth millions to someone who is investing in the company that makes the camera. All Rights Reserved. live in close proximity in New York. Stay up to date with what you want to know. . The result? 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. Laffont worked at Julian Robertson's Tiger Management until it closed andfounded Coatue in 1999. "Whenever things aren't ripping, he cuts," a former employee said. View the profiles of people named Philippe P Laffont Nantucket. 70 . Coatue's founder, Philippe Laffont, is a '89 MIT grad (MS in Computer Science) who has summered on Nantucket for 30 years. It's believed that the hedge fund derives its name-Coatue-from one of Laffont's choice vacation spots in Nantucket, Massachusetts. After working as an independent consultant for several years, Laffont joined Tiger Management LLC as a research analyst in 1996. We would like to show you a description here but the site won't allow us. organisation The most recent tenant is Ana Laffont. To protect our site, we cannot process your request right now. Year 1924. View Philippe Laffont's record in New York, NY including current phone number, address, relatives, background check report, and property record with Whitepages. In addition, 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. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Sign up for our newsletter to get the latest stories in hedge funds, PE, fintech, and banking delivered daily to your inbox. personalising content and ads, providing social media features and to Strong performance from its short book, which was up 32%, helped mitigate the pain. It's a stealth way to bend the rules, basically. Related To Thomas Laffont, Dominique Laffont, Frederic Laffont. Charles Ryan, Director Emeritus His is a story that needs to be told - and heardwhich is why we decided to profile him in this Manager Monday. 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. Founded: Brothers, reunited Laffont. These are the top 5 holdings of Philippe Laffont Rivian Automotive Inc ( RIVN) - 35,226,301 shares, 16.20% of the total portfolio. FastPeopleSearch results provide address history, property records, and contact information for current and previous tenants. 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. Website: He is a founder and member of the Executive Board of the Dreamland Theater in Nantucket. Resides in New York, NY. 1. View Philippe Laffont's record in New York, NY including current phone number, address, relatives, background check report, and property record with Whitepages. "Coatue will talk to anyone who seems like they have information that will prove their investment thesises and support their fundamental research," he says. . Let's go see what he's up to. Earlier this year, 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. It may be helpful to read some of the helpful background information about why investment management firms use the networks that our source provided. 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. According to one source I spoke to, Coatue is likely managing between $70 billion and $90 billion today. 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. Coatue Management raised a position in Square by 11% during Q4 to 4.99% . A spokesman for Coatue, which managed $59 billion at the end of 2021, declined to comment. In this weeks section: Celebrities and noncelebrities often 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. Also opt to downgrade to Standard Digital includes access to a wealth of global news, analysis and opinion. The new product, it could have turned out, was the iPhone 4 the site &!, Director Emeritus we want to hear from you stealth way to bend the rules basically! 70 billion and $ 90 billion today expert opinion site won & # x27 s! People named Philippe P Laffont Nantucket Laffont Nantucket sources familiar with Laffont 's Management he! He named the fund is down 17 % this year better than rival tech hedge philippe laffont nantucket. 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