Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

To submit industry-related press releases or request feature ideas please contact editor@evestment.com

News Archive

Read More Industry News >

Coatue Returning $2B to Investors

Apr 08, 2014
Jing Chen

New York-based hedge fund firm Coatue Management is planning to return more than $2 billion back to investors from its $7 billion flagship fund.

Coatue founder Philippe Laffont explained to investors in a letter obtained by CNBC that the liquidation was prompted by the firm’s decision to “focus on returns and [not] become asset gatherers.” Laffont added that the “right size for the flagship [fund] is $5 billion.”

The main fund lost 9% in March due to sharp declines in its technology stocks, including Facebook, Amazon and Netflix.

Laffone, a former Tiger Management employee, founded Coatue in 1999.

 

 

Read More Industry News >

Hedge Fund Journal Reviews eVestment's Hedge Fund Database

July, 2012

Read More