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Laffont's Coatue Management Launches Long-Only Fund

The Tiger Cub joins several of his former colleagues in running a long-only investment fund alongside his hedge funds.

Philippe Laffont, the founder of New York-based hedge fund firm Coatue Management, is the latest so-called Tiger Cub to launch a long-only fund. Laffont's firm recently raised $45.5 million for the Coatue Long Only Partners fund in its first sale, which closed May 1, according to a regulatory filing. Tiger Cubs

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