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T. Rowe, Morgan Stanley funds sitting on whopper Twitter gains

07
Nov
2013

By Tim McLaughlin and Ross Kerber BOSTON (Reuters) – Mutual funds run by T. Rowe Price Group Inc and Morgan Stanley are poised to send one sweet tweet. These early investors in Twitter Inc will reap exponential gains as the microblogging site goes public, while latecomers struggle for share allocations. T. Rowes New Horizons and Growth Stock funds may come out looking smartest, having scooped up millions of preferred shares for a pittance. While mutual funds put the vast majority of investors assets into shares of publicly traded companies, some actively managed funds jostle for additional upside by trying to get a piece of promising companies years before they go public.

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