Hedge Funds’ Fraught Infatuation

Viking Global, Tiger Global, Coatue, and Glade Brook hold onto Uber, but Lyft and Slack don’t fare as well.

Patrick T. Fallon/Bloomberg

Patrick T. Fallon/Bloomberg

As the aborted IPO of WeWork threw more cold water on the unicorn craze in the third quarter, most hedge funds held on or added to their stakes in some of the biggest former startups — even as their stocks were tanking.


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