A $14 Billion Fund Manager Feels ‘Vindicated’ by Facebook Plunge
Photographer: Chris Ratcliffe/Bloomberg
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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."