In addition, all pages on Bizapedia will be We want to hear from you! (508) 228-9386 is also used by P Laffont, Dominique F Laffont, Philippe P Laffont. We are sorry, but your computer or network may be sending automated queries. Back in summer 2017, married Argent Pictures producers Ryan and Jill Ahrens paid Equinox gym founder Danny Errico the aforementioned $13 million for the landlocked but well-located spread. While its unclear if the couple made any significant changes to the 1.23-acre estate during their two short years of ownership, the property was sold again last week for the same amount this time, to Belgium-born hedge fund manager Thomas Laffont. $9.7 billion In contrast to the main residence, the new-ish guesthouse is decidedly contemporary in architectural style, featuring soaring ceilings and rows of glassy sliders. Get our latest stories in the feed of your favorite networks. 212-715-5100 The town of Nantucket was incorporated in 1687, and the county was formed in 1695. Who is the owner of Tiger Global? His is a story that needs to be told - and heardwhich is why we decided to profile him in this Manager Monday. The contact is Philippe Laffont from New York NY. Coatue's portfolio was buoyed by strong short performance, but also a dramatic liquidation of its positions. Philippe Laffont. Coatue Management now owns a 3.94% ownership stake in the . From left: Thomas Laffont, Coatue's head of private investments; Philippe Laffont, Coatue's billionaire . "Whenever things aren't ripping, he cuts," a former employee said. Less than a year after being ravaged by 2018s Woolsey Fire, Malibus star-studded Point Dume neighborhood has seemingly made a full real estate market comeback. 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. Stay up to date with what you want to know. Philippe Laffont runs Coatue Management, a hedge fund and venture capital investor that focuses on technology-themed investing. No. Metropolitan Diary continues to publish! We use Philippe Laffont is a resident of Locust Valley. Philippe Laffont of Coatue Management. It's a stealth way to bend the rules, basically. Sign up for our newsletter to get the latest stories in hedge funds, PE, fintech, and banking delivered daily to your inbox. Philippe P Laffont, 55. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. (Verizon New England, Inc). 86 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. Instead, Coatue is down just 17% for the year, according to the mid-May investor update. While double-digit losses are nothing to celebrate, the firm's performance amid the market sell-off this year has outpaced other tech hedge funds as well as the Nasdaq Composite Index, the tech benchmark that has fallen 24% this year. In recent years, Laffont has also predicted numerous key trends and events in the public markets. 2023 Dirt.com, LLC. 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. Year 1924. Dirt is a part of Penske Media Corporation. At age 50, Forbes estimates that Laffont is now a billionaire, with a net worth of $1.4 billion. Premium. 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. 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. It may be helpful to read some of the helpful background information about why investment management firms use the networks that our source provided. Nantucket, MA (1) Refine Your Search Results. For a full comparison of Standard and Premium Digital, click here. Nancy Kogevinas of Berkshire Hathaway HomeServices represented Laffont;Daniel Encell, also of Berkshire Hathaway HomeServices, served as listing agent. Years on List: So initially, they agree that they won't disclose nonpublic information, but the average Joe Schmo doesn't know what that means. 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. But in addition to Primary Global, Coatue is a client of the expert network firms Coleman Research Group, and Gerson Lehrman Group. In 2020, Coatue built a significant short position in Wirecard and expanded its stake . Earlier this year, personalising content and ads, providing social media features and to While logged in and authenticated, you will not be asked to solve any complicated Recaptcha V2 challenges. Compare Standard and Premium Digital here. 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. Charles Ryan, Director Emeritus is far from unprecedented. A spokesman for Coatue, which managed $59 billion at the end of 2021, declined to comment. info@nantucketdreamland.org Address: FrontPoint investors pulled $3 billion from the fund after news that its healthcare manager. Details. And Philippe you're also a tiger cub, I believe, as well. OFFICE: 508.332.4822 info@nantucketdreamland.org MAILING: PO BOX 989 Nantucket, MA 02554. New York, NY You can find the latest entries at nytimes.com/diary and on our New York section online. www.coatue.com He was a research analyst at Tiger Management in the 1990s, where he honed his skills as a. 75. 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. Coatue Management:This is the hedge fund that just wooed Goldman Sachsstartechnology banker Anthony Noto. John Schmidt, Chair Copyright 2023 Nantucket Dreamland Foundation. In this weeks section: Celebrities and noncelebrities often 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 . 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. After working as an independent consultant for several years, Laffont joined Tiger Management LLC as a research analyst in 1996. Access your favorite topics in a personalized feed while you're on the go. According to a OneWire interview, Laffont developed his passion for technology at an early age. morning and a round-up in Monday's print edition. 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. 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. The memo might have said to clear out the warehouse for a new product. 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. You can still enjoy your subscription until the end of your current billing period. Coatue liquidated positions and moved to 80% cash during the recent market selloff, according to an investor presentation from May. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. 2015 Capital: For cost savings, you can change your plan at any time online in the Settings & Account section. Send us a tip using our anonymous form. Our free, fast, and fun briefing on the global economy, delivered every weekday morning. That means the fund makes both long investments in companies with the expectationthat theyllperform well, andshort bets, or investmentsthat reflect a bearish outlook. View the profiles of people named Philippe P Laffont Nantucket. But because the information received is not available to the retail investor, it might be considered insider information by a court. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Strong performance from its short book, which was up 32%, helped mitigate the pain. 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. That move, along with the hiring of Noto, is a clear sign that Coatue plans on getting even more entrenched in the technology sector. university Ultimately, it could spill out anyway, and the hedge fund might trade on it. The phone number (508) 228-9386 is also used by P Laffont, Frederic J Laffont, Philippe P Laffont. Say an expert network was in contact with Apple's warehouse inventory manager. View Philippe Laffont's record in New York, NY including current phone number, address, relatives, background check report, and property record with Whitepages. The most recent tenant is Ana Laffont. FastPeopleSearch results provide address history, property records, and contact information for current and previous tenants. 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. analyse how our Sites are used. Sources familiar with Laffont's management said he's known for liquidating positions when markets get choppy. He is a so-called Tiger Cub, having spent time working at Julian Robertson's Tiger Management hedge fund. 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. Our sourceused to work at an expert network much like Primary Global. 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? Join Facebook to connect with Philippe P Laffont Nantucket and others you may know.. Inside the rise and fall of Coatue's much-hyped but short-lived $350 million quant fund. Chris Cortazzo of Compass held the Malibu listing; Lily Harfouche of Coldwell Banker repped Laffont. Dominique F Laffont is a resident of Nantucket. Coatue is also cobbling together a wish list of 40 stocks it's keen to buy if the price is right, the presentation said. Coatue also has made a number of investments in more established technology companies like Facebook and Amazon, according to, Reports indicate Coatues performance has suffered in light of a. This site is protected by reCAPTCHA and the Google. Anne and Robert Bass expanded the contingent of resident billionaires by spending $42 million for their 12th-floor apartment. Keep abreast of significant corporate, financial and political developments around the world. Since 1976, Metropolitan Diary has been a place for New Yorkers, past and present, to share odd fleeting moments in the city. Tiger Global is down 52% for the year, Bloomberg reported Thursday. 70 the chairman of the News Corporation, for an attention-grabbing $44 million. Hedge Fund Net Worth $8.92B Philippe Laffont manages more assets than 50% of other Hedge Fund Managers Average Return +14.59% company profile page along with the rest of the general data. 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. 1 found for Phill Laffont in Nantucket, Massachusetts. Wendy Schmidt, Director Emeritus, OFFICE: 508.332.4822 Lookup the home address, phone numbers, email address for this person . 2016 Capital: 9 West 57th Street, 25th floorNew York, NY 10019 He named the fund for the vacation spot; Coatue is a long barrier beach on Nantucket. According to one source I spoke to, Coatue is likely managing between $70 billion and $90 billion today. Coatue Management: Philippe Laffont's hedge fund purchased a whopping 35.2 million shares, making Rivian the fund's largest position. Filing Jurisdiction, Entity Type, Registered Agent, File Number, Filing Status, and Business Category. Unsurprisingly for a tech-focused businessman, Laffont maintains a swanky estate up in Northern Californias Silicon Valley specifically, in the enormously wealthy town of Atherton, where some of his nearest neighbors include billionaires like Twitters Omid Kordestani, KKRs George Roberts and WhatsApps Jan Koum. Its believed that thehedge fundderives its nameCoatuefromone of Laffonts choice vacation spots in, Laffont is considered a protege of famous Tiger Management luminary. Laffont is one of the so-called "Tiger Cubs," having worked . 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