[7][8][9][10][11] Thomas Laffont is the firms co-founder and leads Coatues private equity investing. 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. As for Roberts, the longtime real estate whale continues to maintain her primary residence, a blufftop Point Dume estate that shes owned since 2003. Laffont, the tech-focused investor who founded Coattue Management with his more famous brother Philippe Laffont, made a name for himself with big, lucrative early bets on tech companies like . Send us a tip using our anonymous form. Get our latest stories in the feed of your favorite networks. As always, there were a few watches that attracted the most attention, whether its because of brand recognition, new innovations or something totally unanticipated. "We believe Europe is emerging as an important innovation hub in both the public and private markets, as evidenced by the increase in venture capital activity across the continent," said Rose, who was previously an executive at Facebook and Amazon. Found close-by is Miramar Beach, along with fine dining, shopping, and the upscale Rosewood Miramar, Four Seasons Biltmore and San Ysidro Ranch resorts. Get our latest stories in the feed of your favorite networks. 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. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. Valuable research and technology reports. By June 2020, Coatue returned what outside capital remained and laid off a substantial chunk of the team. Both started out as analysts at Julian Robertsons legendary Tiger Management hedge fund firm. Tech-focused hedge fund investor Philippe Laffont has major bets on electric vehicles and health-care stocks, according to new securities filings. [3], Coatue's annual "East Meets West" conference features tech entrepreneurs from the U.S. and China. Its biggest holding at the end of the fourth quarter was Rivian with a stake valued at more than $3 billion. We want to hear from you! 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. On Wall Street, Laffont is known for his intelligence and for being an exacting boss who churns through analysts. Last night, German fashion designer Philipp Plein hosted an opening party for his Plein Sport pop-up that had the lineup around the block. 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. A Division of NBCUniversal. The Crypto King collection, sold with limited edition NFT artwork, was unveiled during Watches and Wonders. Like Coleman, Laffont tries to avoid publicity and stay under the radar. Chief Representative. Coatue Management, LLC - Philippe Laffont - TipRanks All Rights Reserved. All Rights Reserved. Philippe Laffont is the founder and portfolio manager of Coatue Management. Gorgeous sprays of bougainvillea abound, and there are secluded lounging areas for private, outdoorsy pastimes like reading, contemplating life or enjoying romance with a summertime lover. Appartement meubl centrale/plage/Sportica/jardin, Appartement meubl remis neuf pour 2 4 personnes dont une grande chambre avec dressing. Financial Statements. Guests agree: these stays are highly rated for location, cleanliness, and more. Built in 1924, the estates main residence and guest cottage recently underwent an extensive renovation. Send us a tip using our anonymous form. He purchased this 10,200 sqft home in 2007 for $4.5 million. 2023 Dirt.com, LLC. $45 . 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.. But within a few months, tech stocks crashed and the Nasdaq tumbled by 80% during Coatues early years. Ideal for entertaining, the grounds include a new free-standing gym, pool and spa flanked by an open-air cabana and built-in barbecue, an award-winning rose garden replete with flag pole, a clay tennis court and pavilion, koi pond, flowing creek, numerous fountains and even a private well. The firm he runs, Coatue, looks a lot like billionaire Chase Coleman's Tiger Global Management,. Small house with neat decoration. Donald Trumps real net worth? Sign up for free newsletters and get more CNBC delivered to your inbox. Laffont also believes these technological advances can apply to his own business. $2.5 billion, according to our most recent tally. House Le Bois Flott - Townhouses for Rent in Gravelines - Airbnb Dirt is a part of Penske Media Corporation. His Point Dume holdings now encompass a hefty 2.4 acres of lush land, all sited on one of the neighborhoods most prestigious streets. A logo for Pfizer is displayed on a monitor on the floor at the New York Stock Exchange, July 29, 2019. Homes - Celebrity - Business Links: www.forbes.com By: jdubble07 As befitting a casual beach bungalow, theres no traditional front door; rather, guests must enter through a sliding door that opens directly into an informal dining area. Julia Roberts Sells Malibu House To The Billionaire Next Door Jardin partag avec les voyageurs du 1er tage. Sign up for free newsletters and get more CNBC delivered to your inbox. All You Need to Know BEFORE You Go - Tripadvisor Several other big U.S. tech investment firms are also looking to hire people on the ground in Europe, the CNBC source said. He worked as an analyst in management consulting for McKinsey & Co. from 1992 to 1994 in Madrid, Spain. 2023 Forbes Media LLC. Philippe Laffont (@plaffont) / Twitter [3][5] Coatue launched its first hedge fund in 1999 with $45 million in capital. 3. Laffont and his wife, Spanish-born lawyer Ana Rivera, maintain an impressive flock of luxury residences across the nation. 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. [6] Coatue manages this fund in addition to others. Im interrupting the industry. Language links are at the top of the page across from the title. Julia Roberts Sells Malibu House to Billionaire Neighbor - DIRT This is a BETA experience. 2023 Dirt.com, LLC. Philippe Laffont's House - Virtual Globetrotting A logo for Pfizer is displayed on a monitor on the floor at the New York Stock Exchange, July 29, 2019. The funding values Aurora, whose . Get this delivered to your inbox, and more info about our products and services. 1,770 square feet, 4 bedrooms, 3 bathrooms, Rapper The Kid Laroi Spends Millions on Rockstar-Worthy LA Home, Drakes Onetime Trousdale Estates Rental Mansion Is Back, Asking $62 Million, Hollywood Heavyweights Barry Jenkins, Lulu Wang Buy Apartment in 1920s NYC Building, Steeped in History, a Silent Film Star's Former Malibu Beach House Asks $25 Million, Billionaire Heir Lists Stylishly Revamped Point Dume Estate, YouTuber Cody Ko Lists Cozy Oceanfront Malibu Beach House, Cody Ko Streams Into Reese Witherspoons Former Malibu Getaway, Late Actor Ray Liottas Longtime Palisades Home Sells to Some Goodfellas, Nashvilles Historic Smith-Carter Farm Hits the Market. Gorgeous sprays of bougainvillea abound, and there are secluded lounging areas for private, outdoorsy pastimes like reading, contemplating life or enjoying romance with a summertime lover. 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. He is not an overwhelming tech promoter. 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. Dynamic search and list-building capabilities. Resting on almost two acres of park-like land between the Lower and Upper Montecito villages, Laffonts newly purchased estate overlooks mesmerizing views of the Santa Ynez Mountains. The company has developed equipment that uses facial and behavior recognition technology, which has become ubiquitous in China, along with software to manage its system. 2023 CNBC LLC. You may opt-out by, Divided Government And The Way Forward For The Markets, How Negativity Bias Leads To Mistakes In Portfolios, Transforming The Wealth Management Experience For Todays Client, MoneyStamps Of South America - As Investments, Theyre Different Part 1, Covid-19 Related Municipal Defaults Begin, The Dynamics Of Price Discovery In The Stamp Market, Laffont emphasized his belief that artificial intelligence is a game changer. I truly believe that in every portfolio you need to ask yourself what is going to be more relevant 5 to 10 years versus today, said Laffont to the group that is putting $500 billion to work. Coatue has offices in New York City, Menlo Park, California, London, Shanghai and Hong Kong.[4]. 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. Get this delivered to your inbox, and more info about our products and services. He has described his thinkingas betting on platforms and moonshots.. A sunny kitchen contains medium-grade stainless appliances, and a large living room has whitewashed walls and a vaulted ceiling. Philippe Laffont's Coatue Management Portfolio - Q4 2021 Update An additional nanny room also features an ensuite bath. The upstairs level, meanwhile, houses four large bedrooms, including a master retreat with a balcony, expansive closet, and luxe spa-inspired bathroom with soaking tub and separate shower. He is a so-called. Get the amount of space that is right for you. He left France to attend the Massachusetts Institute of Technology, graduating in 1989 with a computer science degree. The former South Bend, Indiana, mayor, who prided himself on being the only serious. The sprawling, pancake-flat lot is fully landscaped, with wideset lawns and tall hedges for privacy. Laffont's Coatue Management, which also does venture capital investing, had more than $18 billion of stock holdings in its hedge fund arm at the end of December, according to a securities filing released on Monday.