Possible relatives for Philippe Laffont include . Coatue's founder, Philippe Laffont, is a '89 MIT grad (MS in Computer Science) who has summered on Nantucket for 30 years. 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. Let's go see what he's up to. And yet these are the employees that are, in exchange for several hundred dollars of their time, being asked for their expert knowledge and it is typically understood that they will have materially important information. 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. FAQ About Philippe . And Philippe you're also a tiger cub, I believe, as well. 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. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. Nancy Kogevinas of Berkshire Hathaway HomeServices represented Laffont;Daniel Encell, also of Berkshire Hathaway HomeServices, served as listing agent. Coatue Management founder and billionaire Philippe Laffont has cemented himself as a highly successful fund manager. The fund is down 17% this year better than rival tech hedge funds and its short book is up 32%. 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. Stay up to date with what you want to know. One Tiger Cub, Tiger Asia Management, is already being investigated by regulators. Our sourceused to work at an expert network much like Primary Global. To continue reading, subscribe now to Premium Journalism. 6,151 square feet, 5 bedrooms, 6 bathrooms, Michael Milkens Son Asks $64 Million for Longtime Palisades Home, Frank Lloyd Wrights Only Oceanfront Home Sells for Record Price, Britney Spears Takes Hefty Loss on Calabasas Mansion, Sprouts CEO Bags Oceanfront Carpinteria Beach House, Ellen DeGeneres Sells Montecito's Historic Rancho San Leandro to Bumble CEO, Lavish Montecito Mansion Where Meghan and Harry Filmed Netflix Doc Listed at $33.5 Million, Refined Estate in the Hills Sells to Fayed Family Member, New York Hedge Funder Lands Classic Santa Monica Home. For a full comparison of Standard and Premium Digital, click here. Tech . Even though the intent of the conversation was not to trade on Apple stock, the hedge fund analyst became privy to information that is not available to the average retail investor. . 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. Philippe P Laffont, 55. Laffont. All rights reserved. Metropolitan Diary continues to publish! 212-715-5100 and the president of Underhill Industries who died in 2008. It may be helpful to read some of the helpful background information about why investment management firms use the networks that our source provided. Coatue Management now owns a 3.94% ownership stake in the . Coatue Management / $9.25 billion Dominique F Laffont is a resident of Nantucket. In addition, company profile page along with the rest of the general data. In contrast to the main residence, the new-ish guesthouse is decidedly contemporary in architectural style, featuring soaring ceilings and rows of glassy sliders. Dan Sundheims D1 Makes Huge Investment in Instacart, What the SPR Refill Means for Oil Futures, Modern Slavery Act Transparency Statement. Chris Cortazzo of Compass held the Malibu listing; Lily Harfouche of Coldwell Banker repped Laffont. Resides in New York, NY. We want to hear from you! The firm he runs, Coatue, looks a lot like billionaire Chase Coleman's Tiger Global Management,. By clicking Sign up, you agree to receive marketing emails from Insider If you are in need of enterprise level search, please consider signing up for a Bizapedia Pro Search account as described on this page. The memo might have said to clear out the warehouse for a new product. Charley Polachi, Director Emeritus Share Price as of January 12: $3.82. 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 He didn't elaborate on which expert network or which funds might have received information like this. It's believed that the hedge fund derives its name-Coatue-from one of Laffont's choice vacation spots in Nantucket, Massachusetts. Strong performance from its short book, which was up 32%, helped mitigate the pain. You have a math and science . Coatue's founder, Philippe Laffont, is a '89 MIT grad (MS in Computer Science) who hassummered on Nantucketfor 30 years. He named the fund for the vacation spot; Coatue is a long barrier beach on Nantucket. Anne and Robert Bass expanded the contingent of resident billionaires by spending $42 million for their 12th-floor apartment. Founded: View Philippe Laffont's record in New York, NY including current phone number, address, relatives, background check report, and property record with Whitepages. Phone: 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. In recent years, Laffont has also predicted numerous key trends and events in the public markets. 1 found for Phill Laffont in Nantucket, Massachusetts. Coatue was founded in 1999 by Philippe Laffont. 2015 Hedge Fund 100 Rank: Coatue's long bets, including DoorDash, Netflix, and Peloton, have gotten smoked as well, losing 45%. For cost savings, you can change your plan at any time online in the Settings & Account section. 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. 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%. The demand for dividend stocks has also been gaining traction as more people look for consistent revenue sources now that there is so much market uncertainty. Big Ticket includes closed sales from the previous week ending Wednesday. According to one source I spoke to, Coatue is likely managing between $70 billion and $90 billion today. The Nantucket Dreamland Foundation is a 501(c)(3) nonprofit corporation and public charity. Get our latest stories in the feed of your favorite networks. www.coatue.com 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. 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. That move, along with the hiring of Noto, is a clear sign that Coatue plans on getting even more entrenched in the technology sector. Since 1976, Metropolitan Diary has been a place for New Yorkers, past and present, to share odd fleeting moments in the city. The primary quarters now offer 6,000-plus square feet of stylish living space on two levels rife with period details, including wood-beamed ceilings, hardwood flooring, a lovely mosaic-tiled staircase and five vintage fireplaces. That means the fund makes both long investments in companies with the expectationthat theyllperform well, andshort bets, or investmentsthat reflect a bearish outlook. MAILING: PO BOX 989 Address: OFFICE: 508.332.4822 info@nantucketdreamland.org MAILING: PO BOX 989 Nantucket, MA 02554. 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. In 2020, Coatue built a significant short position in Wirecard and expanded its stake . John Schmidt, Chair Laffont worked at Julian Robertson's Tiger Management until it closed andfounded Coatue in 1999. with up to 5 times the number of maximum matches per search vs. non-subscribers. Fax: What, if anything, do you say in the elevator? You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Sign up for notifications from Insider! You really know your stuff. Compare Standard and Premium Digital here. Join Facebook to connect with Philippe P Laffont Nantucket and others you may know.. Keep abreast of significant corporate, financial and political developments around the world. Purchased in 2009 for just under $15 million, the 4.6-acre estate includes a tennis court and lies just across Nantucket harbor from Coatue Beach, for which the Laffonts hedge fund is named. Lot Size 1.9 acres. We want to hear from you! But because the information received is not available to the retail investor, it might be considered insider information by a court. Philippe Laffont. 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. No one from Coatue has been charged with wrongdoing, to the best of our knowledge. In recent years, Laffont attracted attention for making big bets on. Witness this inconspicuous ranch-style home on one of the areas best streets, tucked discreetly away behind gates and hedges. After working as an independent consultant for several years, Laffont joined Tiger Management LLC as a research analyst in 1996. Other hedge funds with a technology focus, like D1 Capital, Lone Pine, and Whale Rock, have also suffered. 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. Redemptions at Level Global, another raided fund, are up to $750 million. (508) 228-9386 is also used by P Laffont, Dominique F Laffont, Philippe P Laffont. 2016 Capital: 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. at nytoday.com or in the morning, on The New York Times homepage or its New York section. 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. 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. Already a subscriber? . You can find the latest entries at nytimes.com/diary and on our New York section online. "Coatue will talk to anyone who seems like they have information that will prove their investment thesises and support their fundamental research," he says. 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. 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. A significant short position in Wirecard and expanded its stake Number, filing,. He named the fund for the vacation spot ; Coatue is likely managing between $ billion! And its short book is up 32 % also suffered D1 Makes Huge investment in Instacart what. 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