Henry Blodget, former cheerleader for the dot-com bubble and now editor-in-chief of The Business Insider website, names the big fund managers that got taken to the cleaners with the Facebook IPO in an article published yesterday.

“The lure of Facebook seduced everyone, even the smartest of the smart money,” Blodget says in the article.  “Actually, the smart money gets it wrong quite often--about 50% of the time, in fact.”

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.