While it seems unlikely that Roberts and Moder ever actually spent a night in the just-sold Malibu house, the modest cottage includes four cozy bedrooms and three bathrooms. With the Nasdaq more than doubling in five years, Philippe Laffont took the stage at the Forbes and Shook Research Top Advisors Summit in Las Vegas in February to talk about technology stocks. Although the property was never available on the open market, Julia Roberts and longtime husband Danny Moder have sold one of their spare Malibu homes in a quiet $8 million deal, representing a modest increase over the $7.45 million they paid for the 1.2-acre estate four years ago, back in January 2016. Access your favorite topics in a personalized feed while you're on the go. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. Philippe Laffont's House (Bing Maps). The sprawling, pancake-flat lot is fully landscaped, with wideset lawns and tall hedges for privacy. 2023 Dirt.com, LLC. Notable investments from the firm founded in 1999 by Philippe Laffont and Thomas Laffont include TikTok parent-company ByteDance, Snap and Spotify. Coatue was founded in 1999 by Philippe Laffont. Philippe Laffont's House - Virtual Globetrotting Laffont is a former protg of legendary hedge fund manager Julian Robertson, making Coatue one of the "Tiger Cub" funds. The firm had announced in an investor letter a few months earlier that it was raising several hundred million dollars to launch its first quant fund, an outgrowth of a data-science group that had been expanding under Izydorczyk. Here's what the experts have to say, Amazon drops 4% on slowing cloud growth projections. So far there have been no signs that Laffont is planning to raise large amounts of new capital at Coatue, but the firm is starting to emerge from the shadows. Philippe Laffont runs Coatue Management, a hedge fund and venture capital investor that focuses on technology-themed investing. $2.5 billion, according to our most recent tally. Last spring, Coatue Management, a $25 billion hedge-fund giant, did something unusual: It made an appearance. Get the latest scoop directly in your inbox. Jan 18, 2021. Rivian has proven to be a popular trade for hedge funds in the final months of 2021. Buyer Philippe Laffont Price $11.7 million Year 1924 Specs 6,151 square feet, 5 bedrooms, 6 bathrooms Lot Size 1.9 acres 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. Philippe Laffont's Firm Buys DoorDash, Adds to Uber. He left France to attend the Massachusetts Institute of Technology, graduating in 1989 with a computer science degree. 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Coatue has offices in New York City, Menlo Park, California, London, Shanghai and Hong Kong.[4]. All Rights Reserved. [3] Get the latest scoop directly in your inbox. He has hired quantitative researchers who are using big data techniques as part of a quantitative trading effort at Coatue. Get the latest scoop directly in your inbox. A source in the venture capital industry told CNBC that Coatue has been struggling to find the right people to hire in Europe, adding that the office is most likely to be in London. He worked as an analyst in management consulting for McKinsey & Co. from 1992 to 1994 in Madrid, Spain. Inside the Rise and Demise of Coatue's Much-Hyped Quant Fund With additional reporting by Antoine Gara. Although the property was never available on the open market, Julia Roberts and longtime husband Danny Moder have sold one of their spare Malibu homes in a quiet $8 million deal, representing a modest increase over the $7.45 million they paid for the 1.2-acre estate four years ago, back in January 2016. But within a few months, tech stocks crashed and the Nasdaq tumbled by 80% during Coatues early years. Pete Buttigieg exited the Democratic primary Sunday night after an 11-month campaign for the White House. Financial Statements. Last night, German fashion designer Philipp Plein hosted an opening party for his Plein Sport pop-up that had the lineup around the block. 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. We want to hear from you. His Point Dume holdings now encompass a hefty 2.4 acres of lush land, all sited on one of the neighborhoods most prestigious streets. They also work out of the same Manhattan building, separated by only 10 floors. 5811, 5 Tech Stocks These Former Tiger Cubs Agree On, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Coatue invests in public and private markets with a focus on technology, media, telecommunications. We offer you a clean, equipped, and functional space at a very affordable price. 2023 CNBC LLC. He worked as an analyst for McKinsey & Company from 1992 to 1994 in Madrid, Spain. Records indicate the off-market buyer is Silicon Valley-based hedge fund tycoon Thomas Laffont, who also happens to own the house immediately next door. At his February Las Vegas talk, Laffont was not pounding the table for tech stocks, saying you have a backdrop of stocks not being particularly cheap and not particularly expensive.. At the start of 2009, he was managing $2.2 billion and began raising more serious money. He declined requests to comment for this article. Despite the tech boom of the last decade, there are no other hedge fund firms that resemble Coatue and Tiger Global in size and tech scope. He went long tech stocks, focusing on technological themes, and short companies with businesses that were being disrupted by new technological waves. On Wall Street, Laffont is known for his intelligence and for being an exacting boss who churns through analysts. He and wife Elizabeth continue to reside primarily in the swanky Silicon Valley town of Atherton, Calif., where they own a $13.8 million mansion. 2023 Dirt.com, LLC. But the "tiger cub" usually demurred when it came to discussing business publicly. The Crypto King collection, sold with limited edition NFT artwork, was unveiled during Watches and Wonders. All Rights Reserved. When results are available, navigate with the up and down arrow keys or explore by touch or swipe gestures. Sign up for free newsletters and get more CNBC delivered to your inbox. "We currently have offices in New York, San Francisco and Hong Kong, and we're excited to add an office in Europe at some point in the near future," Coatue Ventures Chairman Dan Rose told CNBC. The news was first reported by Bloomberg and confirmed to CNBC by a Coatue spokesperson. The former South Bend, Indiana, mayor, who prided himself on being the only serious. Laffont is. I did it in fashion and now Im doing it in watches., Actor Philippe Arroyo makes his Broadway debut as Francois in the entertaining and lively musical &Juliet.. He has described his thinkingas betting on platforms and moonshots.. Last spring, Coatue Management, a $25 billion hedge-fund giant, did something unusual: It made an appearance. We want to hear from you! Several other big U.S. tech investment firms are also looking to hire people on the ground in Europe, the CNBC source said. Real-time trigger alerts. We want to hear from you! Dec 20, 2022 - Entire townhouse for $48. Julia Roberts Sells Malibu House To The Billionaire Next Door A look at the firms filings with the Securities & Exchange Commission reveals big recent positions in Broadcom, Facebook, Apple, Amazon, Nvidia and Shopify, the kind of names you would expect to see in a tech-laden U.S. stock portfolio. This beautiful 65m2 ground floor apartment with 2 bedrooms, has direct access to Petit-Fort-Philippe beach from the bottom of the garden. Links: www.bloomberg.com 4,748 views 10.0 ( 1 votes) Categories Buildings > Homes - Celebrity - Business Comments Policies Laffont and his wife, Spanish-born lawyer Ana Rivera, maintain an impressive flock of luxury residences across the nation. Records indicate the off-market buyer is Silicon Valley-based hedge fund tycoon Thomas Laffont, who also happens to own the house immediately next door. TipRanks & Hedge Funds: TipRanks measures the performance of Philippe Laffont and other hedge fund managers based on information submitted to the SEC. 6,151 square feet, 5 bedrooms, 6 bathrooms, Cody Ko Streams Into Reese Witherspoons Former Malibu Getaway, Late Actor Ray Liottas Longtime Palisades Home Sells to Some Goodfellas, Charm Meets Elegance at 1930s Traditional Home in Westwood, Ellen DeGeneres, Portia de Rossi Take Rare Loss on Montecito House, Revamped Century-Old Party House for Sale in Santa Barbara, Oprah Winfrey Sells Spare Montecito Ranch to Hollywood Filmmaker, Late Nordstrom Execs Elegant Seattle Home Hung on the Rack at $7.9 Million, Gloria Vanderbilts Former Townhouse Gets $11 Million Price Tag, Drakes Onetime Trousdale Estates Rental Mansion Is Back, Asking $62 Million. The New York-headquartered company is one of the biggest tech investors in the world and it's been pumping billions of dollars into fast-growing companies that it believes will get even bigger. Got a confidential news tip? Im interrupting the industry. @ 40.86970864, -73.5823453 Locust Valley, New York (NY), US Laffont is the founder of Coatue Management, one of the largest tech funds on Wall Street. and M.Sc. When tech stocks slumped in the winter of 2017, he increased his exposure to them and benefitted when tech stocks surged as the year went on. It is the absolutely most interesting and biggest trend since the Internet, Laffont said. Gravelines Vacation Rentals & Homes - Hauts-de-France, France - Airbnb Philippe Laffont Buys $11.7 Million Montecito House - DIRT We want to hear from you! Laffont also believes these technological advances can apply to his own business.
