Coatue Management had another difficult quarter in Q3. The tech-focused hedge fund led by Philippe Laffont was down 5.84% net as both long and short positions took sizable bites out of its returns. In response, the hedge fund cut back its gross and net exposure “substantially,” Laffont said in his Q3 letter, which was obtained by ValueWalk. He also said they will be “patient” in bringing the gross back up.” Q3 hedge fund letters, conference, scoops etc Troubled by growth stocks Right now he sees growth stocks as being “in between fair and very expensive” with a “challenging” outlook for…
Struck By Facebook In Q3, Coatue Buys Qualcomm, Roku, Motorola
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.