Initially priced at $27.5 million, the unit lingered on the market through the downturn until this year, when its reduction to $23 million reignited the acquisitive instincts of several billionaire suitors. Your entire office will be able to use your search subscription. 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 . He deserved every cent, since he managed to navigate a pandemic and a political and economic. Phone: 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. He established Coatue Management in 1999 and serves as the fund's chief investment officer. Dan Sundheims D1 Makes Huge Investment in Instacart, What the SPR Refill Means for Oil Futures, Modern Slavery Act Transparency Statement. That move, along with the hiring of Noto, is a clear sign that Coatue plans on getting even more entrenched in the technology sector. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. But Coatue's approach has shielded it from the worst of the carnage. There are four bedrooms, including a luxurious owners suite with a custom closet and oversized bath. At age 50, Forbes estimates that Laffont is now a billionaire, with a net worth of $1.4 billion. The Nantucket Dreamland Foundation is a 501(c)(3) nonprofit corporation and public charity. Dominique F Laffont is a resident of Nantucket. 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. Access your favorite topics in a personalized feed while you're on the go. More Tiger Cubs will be investigated, says our source, and he's not surprised that Coatue is one that authorities are looking at. www.coatue.com Metropolitan Diary continues to publish! Charles Ryan, Director Emeritus Login. "Coatue will talk to anyone who seems like they have information that will prove their investment thesises and support their fundamental research," he says. Philippe can be reached via e-mail plaffont@msn.com. Fax: 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. organisation Nancy Kogevinas of Berkshire Hathaway HomeServices represented Laffont;Daniel Encell, also of Berkshire Hathaway HomeServices, served as listing agent. Includes Address(6) Phone(10) Email(2) See Results . personalising content and ads, providing social media features and to Its believed that thehedge fundderives its nameCoatuefromone of Laffonts choice vacation spots in, Laffont is considered a protege of famous Tiger Management luminary. You may change or cancel your subscription or trial at any time online. You can find the latest entries at nytimes.com/diary and on our New York section online. as well as other partner offers and accept our. the chairman of the News Corporation, for an attention-grabbing $44 million. Philippe Laffont is a resident of Locust Valley. According to one source I spoke to, Coatue is likely managing between $70 billion and $90 billion today. Two houses with a total of 5 beds, 5 baths, Refined Estate in the Hills Sells to Fayed Family Member, Rob Lowes Son John Owen Scores LA Home With Big Views, Mark Wahlbergs $55 Million Mansion Sold to Buyer of Heather Dubrows Newport Chateau, Britney Spears Takes Hefty Loss on Calabasas Mansion, Glitzy Hollywood Regency Lair Up for Grabs in Palm Springs' Most Over-the-Top Enclave, South Pasadena House Remodeled by RM Schindler Needs a Hero, Michael Milkens Son Asks $64 Million for Longtime Palisades Home, New York Hedge Funder Lands Classic Santa Monica Home. The company's principal address is 0 Tuckernuck, Nantucket, MA 02554. 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). 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. Utilize our advanced search form to filter the search results by Company Name, City, State, Postal Code, Redemptions at Level Global, another raided fund, are up to $750 million. 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. Join Facebook to connect with Philippe P Laffont Nantucket and others you may know.. Sources familiar with Laffont's management said he's known for liquidating positions when markets get choppy. Lot Size 1.9 acres. 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. 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. According to a OneWire interview, Laffont developed his passion for technology at an early age. For a full comparison of Standard and Premium Digital, click here. In the coming months or years, regulators are going to have to decide whether or not this is legal. and is located at 14 Easy Street, Nantucket, MA 02554. Mr. Inside the rise and fall of Coatue's much-hyped but short-lived $350 million quant fund. 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. What, if anything, do you say in the elevator? New York Today is still going strong! Previously, Laffont worked as an analyst in management consulting for McKinsey & Co. from 1992 to 1994 in Madrid, Spain. info@nantucketdreamland.org Dirt is a part of Penske Media Corporation. morning and a round-up in Monday's print edition. The conversations they have with experts provide them with information that is not readily available to the retail investor. Specs 6,151 square feet, 5 bedrooms, 6 bathrooms. Related To Thomas Laffont, Dominique Laffont, Frederic Laffont. Send us a tip using our anonymous form. These winter days, you'll probably find him in his Patagonia and corduroys, walking around the upper east side, where Coatue is located. In 2020, Coatue built a significant short position in Wirecard and expanded its stake . 2016 Hedge Fund 100 Rank: Perhaps standing out above everything else, though, is the estates sprawling, lushly landscaped backyard encircled by those previously mentioned hedges. A logo for Pfizer is displayed on a monitor on the floor at the New York Stock Exchange, July 29, 2019. 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. Keep abreast of significant corporate, financial and political developments around the world. 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? Built in 1924, the estates main residence and guest cottage recently underwent an extensive renovation. It's believed that the hedge fund derives its name-Coatue-from one of Laffont's choice vacation spots in Nantucket, Massachusetts. Stay up to date with what you want to know. Like Robertson, Philippe built his empire from relatively humble beginnings. The winner Coatue invested $50 million in photo messaging application company Snapchat that December, Back to Hedge Fund 100 Firm Profile Ranking Melvin Capital is shuttering operations after posting extensive losses in the first five months of the year on top of a dismal 39% decline in 2021. The team, run by a young partner named Alex. We are sorry, but your computer or network may be sending automated queries. Say an expert network was in contact with Apple's warehouse inventory manager. Lookup the home address and phone 5166711606 and other contact details for this person. served to you completely ad free and you will be granted access to view every profile in its entirety, even Get our latest stories in the feed of your favorite networks. No one from Coatue has been charged with wrongdoing, to the best of our knowledge. Walt Disney Coatue purchased. With the Bizapedia Pro Search service you will get unlimited searches via our various search forms, To protect our site, we cannot process your request right now. Laffont is one of the so-called "Tiger Cubs," having worked . No. Other interior amenities include a stacked-stone fireplace, a dining area, and a European-style country kitchen with custom cabinetry and high-end appliances. 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. 75. 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%. 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. You can find the latest New York Today Coatue Management raised a position in Square by 11% during Q4 to 4.99% . Nantucket, MA 02554. If you are in need of enterprise level search, please consider signing up for a Bizapedia Pro Search account as described on this page. if we've collected "Sales Lead Information" for a given company, it will be displayed on the He is a founder and member of the Executive Board of the Dreamland Theater in Nantucket. 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. Coatue's founder, Philippe Laffont, is a '89 MIT grad (MS in Computer Science) who hassummered on Nantucketfor 30 years. Hedge Fund Net Worth $8.92B Philippe Laffont manages more assets than 50% of other Hedge Fund Managers Average Return +14.59% We want to hear from you! The fund is down 17% this year better than rival tech hedge funds and its short book is up 32%. Home values in the area also increased 9.6 percent during the past 12 months, with houses there expected to rise in value by 6.1 percent in the next year. You can also receive it via email. Premium. Philippe P. Laffont is the founder and portfolio manager of Coatue Management. Buyer Philippe Laffont. Philippe P Laffont, 55. 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. By clicking Sign up, you agree to receive marketing emails from Insider 17 South Water Street. It's a stealth way to bend the rules, basically. Philippe Laffont of Coatue Management. Price $11.7 million. 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.