T. Rowe Price sunk gobs of money into companies such as Cloudera, Dropbox, Apptio and Evernote in recent years, oftentimes at lofty valuations.
Now, the giant mutual fund manager is resetting some of those bets. According to a report in The Information (subscription required), T. Rowe Price has marked down its stakes in a number of companies.
{iframe}http://www.geekwire.com/2016/t-rowe-price-marks-down-investment-in-apptio-and-other-private-tech-companies-yet-another-signal-of-a-cooling/{/iframe}