Fidelity has slashed the valuation of WeWork shares in its mutual funds by nearly 70% in less than a year — and other asset managers are even more negative

Fidelity has slashed the valuation of WeWork shares in its mutual funds by nearly 70% in less than a year — and other asset managers are even more negative

Business Insider

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· Mutual funds holding stakes of WeWork have continued to slash the valuation of their holdings in the struggling coworking company, filings show.
· Managers like Fidelity, Principal Global Investors, and Hartford Funds have cut their valuations by at least 60% since last fall.
· One manager, Macquarie Investment Management,...

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