Jul

A $14 Billion Fund Manager Feels ‘Vindicated’ by Facebook Plunge

John Streur, an investor who sold his fund’s Facebook Inc. holding after the Cambridge Analytica privacy scandal, said he felt “vindicated” watching the social media giant’s free-fall Thursday.

“I’m never rooting for stocks to go down or for companies to go poorly, but pretty simply, we got this,” said Streur, who heads Calvert Research & Management, a socially responsible investing firm with about $14 billion. “We nailed this, and sure, that’s a good feeling.”…

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A $14 Billion Fund Manager Feels ‘Vindicated’ by Facebook Plunge

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