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Coatue’s Hedge Fund Investors Try to Redeem $250 Million, But Can’t Cash Out in Full

  • Firm will withhold $33 million from client redemptions
  • The money being held back was invested in private companies
Philippe Laffont

Philippe Laffont

Photographer: Chris Goodney/Bloomberg

Coatue Management investors are pulling $250 million from the firm’s main hedge fund. But they won’t get all the money they’re asking for.

Assets invested in private companies will be withheld by Coatue and placed in a side-pocket, according to people familiar with the matter. That amounts to 13% of the cash being sought by clients -- a total of $33 million.