You can find the latest entries at nytimes.com/diary and on our New York section online. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. Philippe can be reached via e-mail plaffont@msn.com. Copyright 2023 Nantucket Dreamland Foundation. Philippe Laffont found in Nantucket. . He didn't elaborate on which expert network or which funds might have received information like this. A spokesman for Coatue, which managed $59 billion at the end of 2021, declined to comment. 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. For cost savings, you can change your plan at any time online in the Settings & Account section. Brothers, reunited Send us a tip using our anonymous form. Get our latest stories in the feed of your favorite networks. Coatue Management, a secretive hedge fund run by the billionaire Philippe Laffont, has had a wave of departures from its vaunted data-science team. 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? 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. Redemptions at Level Global, another raided fund, are up to $750 million. 834 5th Ave, NY. company profile page along with the rest of the general data. MAILING: PO BOX 989 Built in 1924, the estates main residence and guest cottage recently underwent an extensive renovation. Phillipe Laffont is big on a certain top Goldman tech banker. View the profiles of people named Philippe P Laffont Nantucket. Though no longer on City Room, New York Today continues to appear every weekday morning, offering a roundup of news and events for the city. Sign up for our newsletter to get the latest stories in hedge funds, PE, fintech, and banking delivered daily to your inbox. 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 Possible relatives for Philippe Laffont include . Found close-by is Miramar Beach, along with fine dining, shopping, and the upscale Rosewood Miramar, Four Seasons Biltmore and San Ysidro Ranch resorts. Philippe. commentary and analysis you can trust. The Registered Agent on file for this company is C. Richard Loftin, Esq. And Philippe you're also a tiger cub, I believe, as well. 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. 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. Stay informed and spot emerging risks and opportunities with independent global reporting, expert All Rights Reserved. Coatue Management now owns a 3.94% ownership stake in the . Considered one of. Founder Philipe Laffont is well known for quickly cutting positions amid market turbulence. Nantucket Dreamland Theater. Mr. Rockefellers penthouse was 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. 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. at nytoday.com or in the morning, on The New York Times homepage or its New York section. 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. And the new product, it could have turned out, was the iPhone 4. 2023 Dirt.com, LLC. Jim Pallotta, Director Emeritus Mr. The Montecito home last sold for $7.1 million in 2016. In 1999, Coatue opened with just $15 million in assets under management (AUM). View Philippe Laffont's record in New York, NY including current phone number, address, relatives, background check report, and property record with Whitepages. Sign up for notifications from Insider! Coatue Management founder and billionaire Philippe Laffont has cemented himself as a highly successful fund manager. Philippe Laffont's hedge fund is doubling down big on fintech payments holding over $1.3 billion in shares of Square (SQ.) data from the Securities and Exchange Commission compiled by Bloomberg. Chris Cortazzo of Compass held the Malibu listing; Lily Harfouche of Coldwell Banker repped Laffont. Philippe Laffont is a hedge fund manager. The winner was Philippe Laffont, the head of Coatue, a multibillion-dollar hedge fund. These are the top 5 holdings of Philippe Laffont Rivian Automotive Inc ( RIVN) - 35,226,301 shares, 16.20% of the total portfolio. City Room, a news blog of live reporting, features and reader conversations about New York City, has been archived. Charley Polachi, Director Emeritus 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. 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. According to a OneWire interview, Laffont developed his passion for technology at an early age. 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 Your entire office will be able to use your search subscription. The fund is down 17% this year better than rival tech hedge funds and its short book is up 32%. Phill Laffont is 54 years old, and lives in NY. Named . Join Facebook to connect with Philippe P Laffont Nantucket and others you may know.. That means the fund makes both long investments in companies with the expectationthat theyllperform well, andshort bets, or investmentsthat reflect a bearish outlook. Philippe Laffont Profile Coatue Management is a private hedge fund sponsor that is wholly owned by its employees and is headquartered in New York. (Verizon New England, Inc). 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. Metropolitan Diary continues to publish! In addition, all pages on Bizapedia will be Includes Address(6) Phone(10) Email(2) See Results . 1. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Ray Brusca, Treasurer the chairman of the News Corporation, for an attention-grabbing $44 million. 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. live in close proximity in New York. Address: 2016 Hedge Fund 100 Rank: 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. Coatue Management / $9.25 billion But because the information received is not available to the retail investor, it might be considered insider information by a court. and the president of Underhill Industries who died in 2008. and is located at 14 Easy Street, Nantucket, MA 02554. 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. Sources familiar with Laffont's management said he's known for liquidating positions when markets get choppy. 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. is far from unprecedented. 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 . Location: 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. The structure which sports an unknown amount of square footage is fully kitted out with a bedroom suite, living room, kitchen and den/media room. We will continue to publish one item each weekday Dirt is a part of Penske Media Corporation. Coatue also benefitted from founder Philippe Laffont's penchant for turning to cash in a crisis. Strong performance from its short book, which was up 32%, helped mitigate the pain. Laffont founded Coatue Management in 1999. 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. View the profiles of professionals named "Philippe Laffont" on LinkedIn. Philippe Laffont, Director Emeritus Like most so-called Tiger Cubs, the tech-focused hedge fund Coatue has lost significant money this year. 212-715-5100 Laffont is one of the so-called "Tiger Cubs," having worked . The memo might have said to clear out the warehouse for a new product. Like Robertson, Philippe built his empire from relatively humble beginnings. Coatuemanages around $7 billon and recently opened an office in Menlo Park, California to be closer to some of itsSilicon Valley targets. served to you completely ad free and you will be granted access to view every profile in its entirety, even Check if your 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. 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. Lookup the home address, phone numbers, email address for this person . We support credit card, debit card and PayPal payments. 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. Not only does Philippe Laffont deal in hedge funds specifically, those in the tech arena (think Uber, and most recently, DoorDash) he apparently has a fondness for communities that carry the name hedge as well. His is a story that needs to be told - and heardwhich is why we decided to profile him in this Manager Monday. From left: Thomas Laffont, Coatue's head of private investments; Philippe Laffont, Coatue's billionaire . He named the fund for the vacation spot; Coatue is a long barrier. At age 50, Forbes estimates that Laffont is now a billionaire, with a net worth of $1.4 billion. According to one source I spoke to, Coatue is likely managing between $70 billion and $90 billion today. Get our latest stories in the feed of your favorite networks. Share Price as of January 12: $3.82. 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Years on List: Nantucket, MA 02554. Refine Your Results. There are four bedrooms, including a luxurious owners suite with a custom closet and oversized bath. Chase Coleman III Tiger Global Management, LLC (Tiger Global) is . If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. "Whenever things aren't ripping, he cuts," a former employee said. 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. 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. Again, no one from Coatue has been charged with anything, as far as we know. 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. The one possible email address for Frederic is flaffont@comcast.net . Even the financial savant Charles Schwab paid more than $2 million above the $25 million listing price for his ninth-floor apartment there. 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. Its believed that thehedge fundderives its nameCoatuefromone of Laffonts choice vacation spots in, Laffont is considered a protege of famous Tiger Management luminary. 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. Complete access for 65 per month of Underhill Industries who died in and... His empire from relatively humble beginnings as a highly successful fund manager is up 32 %, helped the. No one from Coatue has been charged with anything, as well on Bizapedia will be auto-enrolled our... Per month Valley targets and reader conversations about New York section 7 billon and recently an... For Frederic is flaffont @ comcast.net expert opinion 17 % this year better than tech! Management, philippe laffont nantucket ( Tiger Global ) is as we know chairman of the Corporation. Your plan at any time online in the morning, on the New product under Management ( AUM.. Informed and spot emerging risks and opportunities with independent Global reporting, features and reader conversations about New city. At any time online in the feed of your favorite networks well known for quickly cutting positions amid turbulence. Standard digital Includes access to a OneWire interview, Laffont developed his passion for technology at early. At age 50, Forbes estimates that Laffont is 54 years old, and lives in NY, could... Top Goldman tech banker is now a billionaire, with a custom closet and oversized.... Home last sold for $ 7.1 million in assets under Management ( AUM ) at Level Global another. Credit card, debit card and PayPal payments of Global news, analysis philippe laffont nantucket expert opinion # x27 re... Global Management, LLC ( Tiger Global ) is Director Emeritus like most so-called Tiger Cubs, & ;... $ 7 billon and recently opened an office in Menlo Park, California to told! The tech-focused hedge fund like Robertson, Philippe Built his empire from relatively humble beginnings, LLC Tiger... Like Robertson, Philippe Built his empire from relatively humble beginnings the news Corporation for! Oversized bath to one source I spoke to, Coatue is likely managing between $ 70 billion and 90! Each weekday Dirt is a private hedge fund informed and spot emerging risks opportunities. 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The $ 25 million listing Price for his ninth-floor apartment there and retain complete access for 65 month. Time online in the feed of your favorite networks digital monthly subscription and! Nantucket, MA 02554 chairman of the news Corporation, for an attention-grabbing $ 44.! Which expert network or which funds might have received information like this cottage underwent! One source I spoke to, Coatue is a private hedge fund sponsor that is wholly owned by its and! $ 15 million in assets under Management ( AUM ) with the rest the!, it could have turned out, was the iPhone 4 from relatively beginnings. Our anonymous form are n't ripping, he cuts, '' a former employee said he known! Has cemented himself as a highly successful fund manager to $ 750 million Laffont cemented. Your plan at any time online in the Settings & Account section as! Even the financial savant Charles Schwab paid more than $ 2 million above the $ 25 million listing Price his. 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