Neptune's Geffen: Why We Sold Facebook

A trip to Facebook's Silicon Valley HQ prompted Neptune's Robin Geffen sell out of his holding in Facebook, just in time

David Brenchley 11 October, 2018 | 7:53AM
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Facebook app on smartphone, Facebook share price, Cambridge Analytica, stock market

Governance issues led a pair of fund managers to sell all of their Facebook (FB) shares earlier this year, despite holding positive views on US equities in general.

Both Neptune’s Robin Geffen and Artemis’s Simon Edelsten have high weightings to the US in their global funds, at around 50% and 60% respectively, including the tech FAANG stocks.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Alphabet Inc A2,844.30 USD0.00Rating Inc3,425.52 USD0.00Rating
Apple Inc146.92 USD0.00Rating
Facebook Inc A352.96 USD0.00Rating
Liontrust Balanced C Acc GBP2.43 GBP0.68Rating
Mid Wynd International Inv Tr Ord820.02 GBP0.49Rating
Netflix Inc592.39 USD0.00Rating
Tencent Holdings Ltd460.20 HKD0.00Rating
Twitter Inc67.22 USD0.00Rating

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David Brenchley

David Brenchley  is a Reporter for

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