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T. Rowe Price admits WeWork was ‘a terrible investment’


An earlier version misstated the type of SEC filing and annual report. This story has been updated. Images

T. Rowe Price called its WeWork investment a “debacle.”

“We are ready to declare this a terrible investment.”

That’s the blunt conclusion made by a T. Rowe Price Inc. portfolio manager on its WeWork investment.

In the T. Rowe Price Mid-Cap Growth Portfolio’s annual report to shareholders, which was filed with the Securities and Exchange Commission on Thursday, the asset manager


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