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. 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. Laffont is. All Rights Reserved. Coatue is an American technology-focused investment manager led by founder and portfolio manager Philippe Laffont. The fund also added to its large stakes in two Big Tech names in Amazon and Microsoft , while more than doubling its bet on chip stock Lam Research . Guests agree: these stays are highly rated for location, cleanliness, and more. He declined requests to comment for this article. Philippe Laffont's Coatue Management Portfolio - Q1 2022 Update 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. 2023 Dirt.com, LLC. Tech-focused hedge fund investor Philippe Laffont has major bets on electric vehicles and health-care stocks, according to new securities filings. A logo for Pfizer is displayed on a monitor on the floor at the New York Stock Exchange, July 29, 2019. Philippe Laffont's House in Montecito, CA (Google Maps) (#2) Philippe Laffont's House Montecito, California (CA), US Like Tweet Share Pin Philippe Laffont runs Coatue Management, a hedge fund and venture capital that focusses on technology-themed investing. Additionally, Coatue built a stake in Pfizer worth more than $600 million. Laffont founded Coatue Management in 1999. Private beach access | Garden | Self check-in, RARE gravelines on the ground floor + disabled spot 15 meters away, Residence of the Chateau ** In the heart of the ramparts, Beautiful apartment 8 km away CNPE Gravelines and the beach, Entire 2 bedroom house close to the beach, Chez Lili 1 to 200 m from the beach & enclosed garden, The place as the accommodation everything is pleasant there, Gravelines: Maison proximit de la plage. The result? Like Coleman, Laffont tries to avoid publicity and stay under the radar. [3] Built in 1924, the estates main residence and guest cottage recently underwent an extensive renovation. Ideal for a family on holiday or visiting professionals. The Hedge Fund Manager Who Became A Billionaire From Tech - Forbes Today, the FHH and Watches & Wonders Geneva announced that it is teaming with Rolex, Patek Philippe and the Richemont Group to form a new management for the world's largest and most important watch exhibition. 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. We want to hear from you. Dec 20, 2022 - Entire townhouse for $48. Built in 1924, the estates main residence and guest cottage recently underwent an extensive renovation. The sprawling, pancake-flat lot is fully landscaped, with wideset lawns and tall hedges for privacy. See All Contacts. Another area where the firm has two major bets is in the vaccine makers. The company has a financial strength rating of 5 out of 10. Coatue has invested in Tik Tok-parent Bytedance, Snapchat parent Snap and music streaming service Spotify, among many other companies. With additional reporting by Antoine Gara. A logo for Pfizer is displayed on a monitor on the floor at the New York Stock Exchange, July 29, 2019. He is a so-called Tiger Cub, having spent time working at Julian Robertson's Tiger Management hedge fund. Philippe Laffont's Coatue bets big on Rivian and Pfizer during the fourth quarter. 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. But the hedge fund remains core to Coatue. 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. Get the latest scoop directly in your inbox. 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. The former South Bend, Indiana, mayor, who prided himself on being the only serious. Ce bel appartement de 65m2 en rez-de-jardin avec 2 chambres, dispose d'un accs direct la plage de Petit-Fort-Philippe depuis le fond du jardin. But the estates real value lies in its land. The Nasdaq was going crazy. Valuable research and technology reports. AQUANORD ICHTUS Company Profile - Dun & Bradstreet