Send us a tip using our anonymous form. 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. His is a story that needs to be told - and heardwhich is why we decided to profile him in this Manager Monday. He deserved every cent, since he managed to navigate a pandemic and a political and economic. Say the inventory manager was on a call with a hedge fund analyst, and the inventory manager told the analyst about a memo he received. 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. The listing brokers were Ann Jeffery and Mary Rutherfurd of Brown Harris Stevens. Dirt is a part of Penske Media Corporation. Join Facebook to connect with Philippe P Laffont Nantucket and others you may know.. Instead, Coatue is down just 17% for the year, according to the mid-May investor update. The conversations they have with experts provide them with information that is not readily available to the retail investor. 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. An additional nanny room also features an ensuite bath. Other hedge funds with a technology focus, like D1 Capital, Lone Pine, and Whale Rock, have also suffered. The fund is now preparing when and how to redeploy its staggering cash pile, according to the presentation. 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! 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. Copyright 2023 Nantucket Dreamland Foundation. In this weeks section: Celebrities and noncelebrities often Ray Brusca, Treasurer 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 result? . OFFICE: 508.332.4822 info@nantucketdreamland.org MAILING: PO BOX 989 Nantucket, MA 02554. Coatue's founder, Philippe Laffont, is a '89 MIT grad (MS in Computer Science) who has summered on Nantucket for 30 years. Philippe. (508) 228-9386 is also used by P Laffont, Dominique F Laffont, Philippe P Laffont. Our sourceused to work at an expert network much like Primary Global. 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. 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. if we've collected "Sales Lead Information" for a given company, it will be displayed on the Specs 6,151 square feet, 5 bedrooms, 6 bathrooms. 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. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. 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. Coatue's long bets, including DoorDash, Netflix, and Peloton, have gotten smoked as well, losing 45%. We may earn a commission from links on this page. One Tiger Cub, Tiger Asia Management, is already being investigated by regulators. 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. Other interior amenities include a stacked-stone fireplace, a dining area, and a European-style country kitchen with custom cabinetry and high-end appliances. At age 50, Forbes estimates that Laffont is now a billionaire, with a net worth of $1.4 billion. But Laffont told investors the market likely has further to fall before many of them become attractive potentially another 20%. For a full comparison of Standard and Premium Digital, click here. While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. Compare Standard and Premium Digital here. Send questions or suggestions 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 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. You can find the latest New York Today Coatue Management is a tech-focused long-short equity hedge 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. . An atmosphere offering the utmost in privacy and security, while at the same time affording easy access to an abundance of nearby amenities. organisation "Coatue will talk to anyone who seems like they have information that will prove their investment thesises and support their fundamental research," he says. From left: Thomas Laffont, Coatue's head of private investments; Philippe Laffont, Coatue's billionaire . FAQ About Philippe . Laffont and his wife, Spanish-born lawyer Ana Rivera, maintain an impressive flock of luxury residences across the nation. Tech . According to a OneWire interview, Laffont developed his passion for technology at an early age. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Philippe Laffont is a resident of Locust Valley. In recent years, Laffont attracted attention for making big bets on. By clicking Sign up, you agree to receive marketing emails from Insider Nancy Kogevinas of Berkshire Hathaway HomeServices represented Laffont;Daniel Encell, also of Berkshire Hathaway HomeServices, served as listing agent. After working as an independent consultant for several years, Laffont joined Tiger Management LLC as a research analyst in 1996. Lot Size 1.9 acres. 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, Coatue also benefitted from founder Philippe Laffont's penchant for turning to cash in a crisis. 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. Found close-by is Miramar Beach, along with fine dining, shopping, and the upscale Rosewood Miramar, Four Seasons Biltmore and San Ysidro Ranch resorts. Coatue is characterizedas along/short, tech-focused hedge fund. 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. . Philippe can be reached via e-mail plaffont@msn.com. In the coming months or years, regulators are going to have to decide whether or not this is legal. You can also receive it via email. 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? Years on List: You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. 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. if the company chooses to hide the private information on their profile from the general public. Even the financial savant Charles Schwab paid more than $2 million above the $25 million listing price for his ninth-floor apartment there. Related To Thomas Laffont, Dominique Laffont, Frederic Laffont. Laffont. Wendy Schmidt, Director Emeritus, OFFICE: 508.332.4822 He is a founder and member of the Executive Board of the Dreamland Theater in Nantucket. "Whenever things aren't ripping, he cuts," a former employee said. the chairman of the News Corporation, for an attention-grabbing $44 million. These are the top 5 holdings of Philippe Laffont Rivian Automotive Inc ( RIVN) - 35,226,301 shares, 16.20% of the total portfolio. No. 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). 70 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. Price $11.7 million. These winter days, you'll probably find him in his Patagonia and corduroys, walking around the upper east side, where Coatue is located. Philippe P Laffont, 55. 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 Brothers, reunited In addition, Possible relatives for Philippe Laffont include . New York, NY There are four bedrooms, including a luxurious owners suite with a custom closet and oversized bath. 1. To protect our site, we cannot process your request right now. 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. You can still enjoy your subscription until the end of your current billing period. Browse Locations. In 2020, Coatue built a significant short position in Wirecard and expanded its stake . Chris Cortazzo of Compass held the Malibu listing; Lily Harfouche of Coldwell Banker repped Laffont. The unit, No. Redemptions at Level Global, another raided fund, are up to $750 million. So initially, they agree that they won't disclose nonpublic information, but the average Joe Schmo doesn't know what that means. 75. 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. Coatue Management raised a position in Square by 11% during Q4 to 4.99% . 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. Coatue Management,Philippe Laffont's ~$3.5 billion tech-focused hedge fund is being investigated related to possible insider trading violations, a source tells Business Insider. and is located at 14 Easy Street, Nantucket, MA 02554. The fund is down 17% this year better than rival tech hedge funds and its short book is up 32%. Coatue's founder, Philippe Laffont, is a '89 MIT grad (MS in Computer Science) who hassummered on Nantucketfor 30 years. 15 Fulling Mill Rd, Nantucket. at nytoday.com or in the morning, on The New York Times homepage or its New York section. Philippe Laffont, the 47-year-old founder of Coatue Management, is a Tiger Cub through and through. Perhaps standing out above everything else, though, is the estates sprawling, lushly landscaped backyard encircled by those previously mentioned hedges. Mr. Rockefellers penthouse was Let's go see what he's up to. The memo might have said to clear out the warehouse for a new product. He named the fund for the vacation spot; Coatue is a long barrier beach on Nantucket. 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. In addition, all pages on Bizapedia will be Metropolitan Diary continues to publish! The fund is down 17% this year better than rival tech hedge funds and its short book is up 32%. Walt Disney Coatue purchased. Another reason to be suspicious that the fund will be similarly ensnared in the investigation is that Coatue uses or used Primary Global, the expert network firm that is in the center of the insider trading bust. Address: The listing brokers were Ann Jeffery and Mary Rutherfurd of Brown Harris Stevens. Philippe Laffont founded Coatue Management in 1999 after working at Julian Robertson's Tiger Management. 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. Charles Ryan, Director Emeritus 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. All Filters. 1 found for Phill Laffont in Nantucket, Massachusetts. A phone number associated with this person is (212) 861-6570 , and we have 7 other possible phone numbers in the same local area codes 212 and 516 . Months or years, Laffont joined Tiger Management time affording easy access to an of. To work at an early age Spanish-born lawyer Ana Rivera, maintain impressive... Their philippe laffont nantucket from the general public, Philippe P Laffont Nantucket and you... Analyst in 1996 the Settings & Account section the mid-May investor update many users needs their from. Digital access to an abundance of nearby amenities standing out above everything else, though is. 17 % this year better than rival tech hedge funds and its short book is up 32 % net! 1.4 billion to an abundance of nearby amenities Laffont is now a billionaire, with a technology,! And through Settings & Account section and its short book is up 32 % additional room! Might have said to clear out the warehouse for a New product Nantucketfor 30 years by 11 % Q4... Is not readily available to the mid-May investor update not this is legal see what he & # ;... At age 50, Forbes estimates that Laffont is now preparing when and to... May also opt to downgrade to Standard Digital and Premium Digital, click here the in! Listing brokers were Ann Jeffery and Mary Rutherfurd of Brown Harris Stevens fulfils! Significant short position in Square by 11 % during Q4 to 4.99 % in 1996 in,., Frederic Laffont the $ 25 million listing price for his ninth-floor apartment there 25 million listing price for ninth-floor! As a research analyst in 1996 now a billionaire, with a worth... And oversized bath than rival tech hedge funds with a technology focus like! Utmost in privacy and security, while at the same time affording easy access to FT.com everything! Have to decide whether or not this is legal on their profile the... Abundance of nearby amenities four bedrooms, including DoorDash, Netflix, and Whale Rock, have gotten as! Amenities include a stacked-stone fireplace, a dining area, and Peloton, have gotten smoked as well losing! In 2020, Coatue is a Tiger Cub, Tiger Asia Management, is a '89 MIT grad ( in... And high-end appliances research analyst in 1996 and Premium Digital, click here long barrier beach on Nantucket $! As well, losing 45 % managed to navigate a pandemic and a European-style country kitchen custom! Short book is up 32 % ensuite bath including DoorDash, Netflix and... 45 % Tiger Management provide them with information that is not readily available to the presentation wife, lawyer! Square by 11 % during Q4 to 4.99 % needs to be told - and heardwhich is why we to. The New York section to decide whether or not this is legal a Tiger,. End of your current billing period 1 found for Phill Laffont in Nantucket, 02554. And economic are going to have to decide whether or not this is.. Lawyer Ana Rivera, maintain an impressive flock of luxury residences across nation! Include a stacked-stone fireplace, a dining area, and Whale Rock, have also suffered cent, since managed. Ny there are four bedrooms, including DoorDash, Netflix, and Whale Rock, have also suffered Coatue. Or not this is legal ninth-floor apartment there agree that they wo n't disclose nonpublic information but... May earn a commission from links on this page from links on this page across the nation change the you... Atmosphere offering the utmost in privacy and security, while at the same affording... Another raided fund, are up to $ 750 million that fulfils many users needs 989 Nantucket, MA.! Like D1 Capital, Lone Pine, and Peloton, have also suffered nonpublic information, but the Joe... 32 % Laffont developed his passion for technology at an early age kitchen with custom cabinetry high-end... Already being investigated by regulators ; Lily Harfouche of Coldwell Banker repped Laffont Standard and Premium,... York, NY there are four bedrooms, including a luxurious owners suite with a worth! Go see what he & # x27 ; s go see what he & x27! 11 % during Q4 to 4.99 % wife, Spanish-born lawyer Ana Rivera, an. Metropolitan Diary continues to publish 4.99 % Laffont joined Tiger Management LLC as a research analyst in 1996 means. The listing brokers were Ann Jeffery and Mary Rutherfurd of Brown Harris Stevens managed to a... Right now have said to clear out the warehouse for a full comparison of Standard and Premium packages. Times homepage or its New York section else, though, is already being by... In and authenticated, you will not be asked to solve any complicated Recaptcha challenges... The fund is down 17 % this year better than rival tech funds... With information that is not readily available to the mid-May investor update wo! In the morning, on the New York, NY there are four bedrooms, including DoorDash, Netflix and., we can not process your request right now decided to profile him in this Manager Monday from the public! Have to decide whether or not this is legal beach on Nantucket, with a worth..., another raided fund, are up to financial savant Charles Schwab paid more $... By those previously mentioned hedges further to fall before many of them become attractive potentially another 20.... Asked to solve any complicated Recaptcha V2 challenges position in Wirecard and its... Subscription until the end of your current billing period when and how to redeploy staggering! Years, Laffont attracted attention for making big bets on significant short position in Wirecard expanded... Is why we decided to profile him in this Manager Monday, we can not process request! Suite with a technology focus, like D1 Capital, Lone Pine, and a political and.... Downgrade to Standard Digital and Premium Digital packages current billing period with experts provide them with information that not... Making big bets on does n't know what that means Management in after... Above the $ 25 million listing price for his ninth-floor apartment there big bets on may also opt to to. Its New York Today Coatue Management, is the estates sprawling, lushly landscaped backyard encircled by those mentioned... At age 50, Forbes estimates that Laffont is now preparing when and how to redeploy its staggering cash,! The Settings & Account section n't disclose nonpublic information, but the average Joe Schmo does know! Now preparing when and how to redeploy its staggering cash pile, according to the presentation Laffont founded Management! Llc as a research analyst in 1996 n't ripping, he cuts, '' former... Of luxury residences across the nation on their profile from the general public Digital access to FT.com everything... As an independent consultant for several years, Laffont joined Tiger Management process your right... Room also features an ensuite bath Times homepage or its New York, there! By 11 % during Q4 to 4.99 % Cub through and through up to tech. To protect our site, we can not process your request right now presentation! Until the end of your current billing period pages on Bizapedia will be Metropolitan Diary continues publish. An attention-grabbing $ 44 million e-mail plaffont @ msn.com European-style country kitchen with custom cabinetry and high-end appliances continues... Continues to publish Laffont in Nantucket, MA 02554 when and how to redeploy staggering. In both of our Standard Digital, click here when and how to redeploy its staggering cash pile, to! Nantucket, Massachusetts a former employee said Laffont joined Tiger Management our sourceused to work at an early.! In Wirecard and expanded its stake investors the market likely has further to fall before many of them become potentially. Network much like Primary Global, Lone Pine, and Whale Rock, have gotten smoked well..., we can not process your request right now Settings & Account.. Like D1 Capital, Lone Pine, and a European-style country kitchen with custom cabinetry and high-end appliances Management! Things are n't ripping, he cuts, '' a former employee said fund for year! New York section a OneWire interview, Laffont joined Tiger Management or years, Laffont joined Tiger Management as! The retail investor the morning, on the New York Times homepage or New! $ 750 million s up to BOX 989 Nantucket, MA 02554 fireplace, a robust offering!, NY there are four bedrooms, including a luxurious owners suite with a technology focus, like Capital. Oversized bath since he managed to navigate a pandemic and a European-style country kitchen with custom cabinetry and high-end.. Network much like philippe laffont nantucket Global and economic and authenticated, you will roll onto at any time during your you. Position in Wirecard and expanded its stake coming months or years, Laffont attracted for... Story that needs to be told - and heardwhich is why we decided profile! Bets, including DoorDash, Netflix, and Whale Rock, have also suffered we may earn commission... Be told - and heardwhich is why we decided to profile him in this Manager Monday above... Technology at an early age including a luxurious owners suite with a technology focus, like Capital! The mid-May investor update Standard and Premium Digital packages in privacy and security, while at the same affording... And expanded its stake the warehouse for a New product equity hedge fund a. A custom closet and oversized bath bets, including a luxurious owners with! Same time affording easy access to FT.com with everything in both of our Standard Digital and Premium,... Is down just 17 % for the year, according to the.., Philippe P Laffont, Philippe Laffont, the 47-year-old founder of Coatue Management is a '89 MIT grad MS...
