Founded: 2015 Capital: You really know your stuff. 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. university He is a so-called. Get our latest stories in the feed of your favorite networks. 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. 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. Coatue also benefitted from founder Philippe Laffont's penchant for turning to cash in a crisis. In recent years, Laffont attracted attention for making big bets on. 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. After working as an independent consultant for several years, Laffont joined Tiger Management LLC as a research analyst in 1996. 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. Founder Philipe Laffont is well known for quickly cutting positions amid market turbulence.. Get our latest stories in the feed of your favorite networks. Tech . We may earn a commission from links on this page. 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. Phill Laffont is 54 years old, and lives in NY. Your entire office will be able to use your search subscription. To protect our site, we cannot process your request right now. offers FT membership to read for free. Wendy Schmidt, Director Emeritus, OFFICE: 508.332.4822 Years on List: Website: Our free, fast, and fun briefing on the global economy, delivered every weekday morning. 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. Copyright 2023 Nantucket Dreamland Foundation. Share Price as of January 12: $3.82. Send questions or suggestions Since 1976, Metropolitan Diary has been a place for New Yorkers, past and present, to share odd fleeting moments in the city. 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. 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. February 14, 2022 Philippe Laffont (Chris Goodney/Bloomberg) Coatue Management is raising money for a new niche hedge fund.According to a regulatory filing, the Tiger Cub headed by Philippe. 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. $8 billion Metropolitan Diary continues to publish! The wealthiest new hedge fund billionaire joining the ranks of The Forbes 400 is Philippe Laffont, with a net worth of $6.5 billion. 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%. Get the latest scoop directly in your inbox. 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. Specs 6,151 square feet, 5 bedrooms, 6 bathrooms. Check if your If you're happy with cookies click proceed. Witness this inconspicuous ranch-style home on one of the areas best streets, tucked discreetly away behind gates and hedges. In this weeks section: Celebrities and noncelebrities often Send us a tip using our anonymous form. Laffont worked at Julian Robertson's Tiger Management until it closed andfounded Coatue in 1999. With the Bizapedia Pro Search service you will get unlimited searches via our various search forms, Already a subscriber? Its believed that thehedge fundderives its nameCoatuefromone of Laffonts choice vacation spots in, Laffont is considered a protege of famous Tiger Management luminary. Found close-by is Miramar Beach, along with fine dining, shopping, and the upscale Rosewood Miramar, Four Seasons Biltmore and San Ysidro Ranch resorts. 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 Lot Size 1.9 acres. Even the financial savant Charles Schwab paid more than $2 million above the $25 million listing price for his ninth-floor apartment there. Year 1924. or In recent years, Laffont has also predicted numerous key trends and events in the public markets. All Rights Reserved. We want to hear from you! For cost savings, you can change your plan at any time online in the Settings & Account section. 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. Say an expert network was in contact with Apple's warehouse inventory manager. Resides in New York, NY. Leah Day VanHorn, Vice Chair 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. Phillipe Laffont is big on a certain top Goldman tech banker. Philippe Laffont is a hedge fund manager. 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. That alone doesn't mean much, he says, because most hedge funds use two or more expert networks (here's a list of the big ones), and Primary Global is probably one of them. Coatue is characterizedas along/short, tech-focused hedge fund. Philippe Laffont. According to one source I spoke to, Coatue is likely managing between $70 billion and $90 billion today. The unit, No. Laffont. Chris Cortazzo of Compass held the Malibu listing; Lily Harfouche of Coldwell Banker repped Laffont. So initially, they agree that they won't disclose nonpublic information, but the average Joe Schmo doesn't know what that means. The fund is down 17% this year better than rival tech hedge funds and its short book is up 32%. You can find the latest entries at nytimes.com/diary and on our New York section online. 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. We will continue to publish one item each weekday 212-715-5100 The winner was Philippe Laffont, the head of Coatue, a multibillion-dollar hedge fund. 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. 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. 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. if we've collected "Sales Lead Information" for a given company, it will be displayed on the Chase Coleman III Tiger Global Management, LLC (Tiger Global) is . Philippe Laffont runs Coatue Management, a hedge fund and venture capital investor that focuses on technology-themed investing. Details. No. Prior to founding Coatue, Mr. Laffont worked at Tiger Management as a research analyst from 1996 to 1999. An additional nanny room also features an ensuite bath. Dirt is a part of Penske Media Corporation. View the profiles of professionals named "Philippe Laffont" on LinkedIn. The team, run by a young partner named Alex. Possible relatives for Philippe Laffont include . He was a research analyst at Tiger Management in the 1990s, where he honed his skills as a. 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 . Big Ticket includes closed sales from the previous week ending Wednesday. Philippe can be reached via e-mail plaffont@msn.com. Stay up to date with what you want to know. These winter days, you'll probably find him in his Patagonia and corduroys, walking around the upper east side, where Coatue is located. 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. www.coatue.com The winner Philippe Laffont, the 47-year-old founder of Coatue Management, is a Tiger Cub through and through. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Nancy Kogevinas of Berkshire Hathaway HomeServices represented Laffont;Daniel Encell, also of Berkshire Hathaway HomeServices, served as listing agent. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. 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. 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