Tiger alums Coatue Capital to re-open in January

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Coatue Capital Management, Tiger cub Philippe Laffont's $550 million high-performing long/short equity fund, is opening its doors to new investors in January with a fundraising goal of about $200 million.

 Philippe Laffont

Also on the boards for Coatue, which focuses on media and telecommunications stocks, is a plan to launch a long-only product sometime next year. Details for the venture have not been finalized.

Coatue's reopening of its flagship is aimed at exploiting investor interest fueled by an exceptional return of 39.2% this year through October -- including a gain of 4.2% that month, a time