Billionaire Investor Philippe Laffont Has Nearly 23% of Coatue Management's Portfolio Invested in 3 Artificial Intelligence (AI) Stocks
Laffont's firm had $48.6 billion in assets under management as of the end of the second quarter.
Overview
In the 1990s, Philippe Laffont cut his teeth working for Julian Robertson's legendary hedge fund, Tiger Management.
When Tiger Management closed in 2000, many of Robertson's disciples launched their own funds. This group is known as the "Tiger cubs," and many of them have done extraordinarily well.
Details
Laffont is one example. His hedge fund, Coatue Management, had roughly $48.6 billion in assets under management at the end of the second quarter, and Laffont has become a billionaire himself.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.