Mutual Funds Mark Down Unicorns. So What? – ValueWalk Premium
Mutual Funds

Mutual Funds Mark Down Unicorns. So What?

Mutual Funds Mark Down Unicorns. So What? by Nizar Tarhuni, PitchBook
There's been quite a storm set off with recent media reports covering the markdowns that Fidelity Investments has undertaken for private companies in its mutual funds. A couple of the notable valuation stake write-offs in Fidelity’s portfolio include Snapchat, marked down 25% since May, and Dropbox, marked down just under 20% in the same timeframe. While these markdowns have caused a big reaction from much of the media . . .

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