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. 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? Coatue Management: Philippe Laffont's hedge fund purchased a whopping 35.2 million shares, making Rivian the fund's largest position. Philippe Laffont #1517 Philippe Laffont Philippe Laffont runs Coatue Management, a hedge fund and venture capital that focusses on technology-themed investing. Details. Location: Coatue Management raised a position in Square by 11% during Q4 to 4.99% . 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). Charley Polachi, Director Emeritus Coatue was founded in 1999 by Philippe Laffont. During the market meltdown in 2008 and 2009, cash topped out at 60%, and during the early days of the pandemic, cash stood at more than 20%. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. The Registered Agent on file for this company is C. Richard Loftin, Esq. Since 1976, Metropolitan Diary has been a place for New Yorkers, past and present, to share odd fleeting moments in the city. 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 Coatue Management now owns a 3.94% ownership stake in the . the chairman of the News Corporation, for an attention-grabbing $44 million. In 1999, Coatue opened with just $15 million in assets under management (AUM). We would like to show you a description here but the site won't allow us. We support credit card, debit card and PayPal payments. cookies You really know your stuff. 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 fund's portfolio stands at more than 80% cash an enormous allocation that outstrips the amount of greenbacks it hoarded during the Great Financial Crisis or the Covid-19 selloff in 2020. For a full comparison of Standard and Premium Digital, click here. Premium. Coatue's founder, Philippe Laffont, is a '89 MIT grad (MS in Computer Science) who hassummered on Nantucketfor 30 years. New York, NY Philippe Laffont, Director Emeritus Jim Pallotta, Director Emeritus Kathy Penske, Director Emeritus Charley Polachi, Director Emeritus . 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. Lived In Nantucket MA. Get our latest stories in the feed of your favorite networks. Ultimately, it could spill out anyway, and the hedge fund might trade on it. From left: Thomas Laffont, Coatue's head of private investments; Philippe Laffont, Coatue's billionaire . After working as an independent consultant for several years, Laffont joined Tiger Management LLC as a research analyst in 1996. 9 West 57th Street, 25th floorNew York, NY 10019 He is a founder and member of the Executive Board of the Dreamland Theater in Nantucket. A logo for Pfizer is displayed on a monitor on the floor at the New York Stock Exchange, July 29, 2019. Includes Address(6) Phone(10) Email(2) See Results . 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. We are sorry, but your computer or network may be sending automated queries. Coatue was founded in 1999 by Philippe Laffont. Coatue invested $50 million in photo messaging application company Snapchat that December, Back to Hedge Fund 100 Firm Profile Ranking All Rights Reserved. Though substantial, the estate is completely dwarfed by a massive $80+ million ranch compound directly across the street, a property widely believed to be owned by Google co-founder Sergey Brin. In addition, all pages on Bizapedia will be Leah Day VanHorn, Vice Chair Philippe P. Laffont is the founder and portfolio manager of Coatue Management. Completely gated and high-hedged for ultimate privacy, the estate features broad expanses of well-watered grass and several mature olive trees. Price $11.7 million. Login. Philippe Laffont, Director Emeritus If you're happy with cookies click proceed. Coatue Management is a tech-focused long-short equity hedge fund. Built in 1924, the estates main residence and guest cottage recently underwent an extensive renovation. Possible related people for Phill Laffont include Philippe Alfonso Laffont, Dominique F Laffont, Thomas Jerome Laffont, Elizabeth Kaler Laffont, Sophie J Laffont, and many others. Sources familiar with Laffont's management said he's known for liquidating positions when markets get choppy. Coatue Management:This is the hedge fund that just wooed Goldman Sachsstartechnology banker Anthony Noto. Wendy Schmidt, Director Emeritus, OFFICE: 508.332.4822 Considered one of Candelas masterpieces, 834 Fifth has attracted high-wattage personalities since it was erected in 1931: Bing Crosby was one of the first residents. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Again, no one from Coatue has been charged with anything, as far as we know. In 2020, Coatue built a significant short position in Wirecard and expanded its stake . Standard Digital includes access to a wealth of global news, analysis and expert opinion. 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. No one from Coatue has been charged with wrongdoing, to the best of our knowledge. 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. Metropolitan Diary continues to publish! This site is protected by reCAPTCHA and the Google. View the profiles of professionals named "Philippe Laffont" on LinkedIn. The popularity rank for the name Dominique was 1851 in the US in 2020, the Social Security . Named . Hedge Fund Net Worth $8.92B Philippe Laffont manages more assets than 50% of other Hedge Fund Managers Average Return +14.59% Philippe Laffont found in Nantucket. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Our sourceused to work at an expert network much like Primary Global. Ray Brusca, Treasurer Like most so-called Tiger Cubs, the tech-focused hedge fund Coatue has lost significant money this year. Share Price as of January 12: $3.82. Philippe Laffont is a resident of NY. RLX Technology Inc. (NYSE:RLX), a China-based e-vapor company, is one of the best stocks under $25 to buy according to billionaire Philippe Laffont, who owns . "Coatue will talk to anyone who seems like they have information that will prove their investment thesises and support their fundamental research," he says. by e-mail. That means the fund makes both long investments in companies with the expectationthat theyllperform well, andshort bets, or investmentsthat reflect a bearish outlook. Keep abreast of significant corporate, financial and political developments around the world. The company has 1 contact on record. The fund is down 17% this year better than rival tech hedge funds and its short book is up 32%. Your entire office will be able to use your search subscription. as well as other partner offers and accept our. (Verizon New England, Inc). Check if your 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 . Found close-by is Miramar Beach, along with fine dining, shopping, and the upscale Rosewood Miramar, Four Seasons Biltmore and San Ysidro Ranch resorts. Its believed that thehedge fundderives its nameCoatuefromone of Laffonts choice vacation spots in, Laffont is considered a protege of famous Tiger Management luminary. Utilize our advanced search form to filter the search results by Company Name, City, State, Postal Code, Specs 6,151 square feet, 5 bedrooms, 6 bathrooms. 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. 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. Laffont attributes this success to a patient and long-term investment philosophy, which has seen Coatue grow from $45 million in 1999 to over $25 billion in 2020. Anne and Robert Bass expanded the contingent of resident billionaires by spending $42 million for their 12th-floor apartment. Philippe Laffont. Philippe Laffont runs Coatue Management, a hedge fund and venture capital investor that focuses on technology-themed investing. Coatue liquidated positions and moved to 80% cash during the recent market selloff, according to an investor presentation from May. 212-715-5100 Although the property has a history of pending sales, and most recently was listed for rent at $60,000 per month in 2020, records state that this particular property is valued 257.7 percent higher than the typical home in the 93108 ZIP code where its located. . Dirt is a part of Penske Media Corporation. In addition, served to you completely ad free and you will be granted access to view every profile in its entirety, even Send questions or suggestions Philippe Laffont, manager of Coatue Management, which gained 65%, got paid $1.6 billion in 2020. The winner was Philippe Laffont, the head of Coatue, a multibillion-dollar hedge fund. company profile page along with the rest of the general data. An atmosphere offering the utmost in privacy and security, while at the same time affording easy access to an abundance of nearby amenities. 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. Public records for Philippe Laffont, 54 years old. Possible relatives for Philippe Laffont include . 1999 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, Founder Philipe Laffont is well known for quickly cutting positions amid market turbulence.. Lookup the home address, phone numbers, email address for this person . Address: Witness this inconspicuous ranch-style home on one of the areas best streets, tucked discreetly away behind gates and hedges. 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. Philippe Laffont's Coatue bets big on Rivian and Pfizer during the fourth quarter. Coatue Management / $9.25 billion Years on List: Shares added by 31.25% Moderna Inc ( MRNA) - 4,287,003 shares, 4.83% of the total portfolio. 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 Sign up for notifications from Insider! $8 billion Resides in New York, NY. It's believed that the hedge fund derives its name-Coatue-from one of Laffont's choice vacation spots in Nantucket, Massachusetts. 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. Website: In recent years, Laffont has also predicted numerous key trends and events in the public markets. 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. But Laffont told investors the market likely has further to fall before many of them become attractive potentially another 20%. 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. 86 And the new product, it could have turned out, was the iPhone 4. Laffont is one of the so-called "Tiger Cubs," having worked . Perhaps surprisingly, the property does not currently include a pool or an ocean view, for that matter but the house is a short three-minute walk to Little Dume, the all-but-private beach that possesses one of L.A.s most scenic coastlines. . But in addition to Primary Global, Coatue is a client of the expert network firms Coleman Research Group, and Gerson Lehrman Group. Dan Sundheims D1 Makes Huge Investment in Instacart, What the SPR Refill Means for Oil Futures, Modern Slavery Act Transparency Statement. The winner Lot Size 1.9 acres. Heres what you need to know about Notos new employer. Dirt is a part of Penske Media Corporation. Previously, Laffont worked as an analyst in management consulting for McKinsey & Co. from 1992 to 1994 in Madrid, Spain. 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. Strong performance from its short book, which was up 32%, helped mitigate the pain. Philippe Laffont's hedge fund is doubling down big on fintech payments holding over $1.3 billion in shares of Square (SQ.) 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. All Rights Reserved. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. 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. Hopes Fade in Manhattans Darkened Neighborhoods. Sign up for our newsletter to get the latest stories in hedge funds, PE, fintech, and banking delivered daily to your inbox. 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