Real estate investor gets whacked on poor performance

Have Investors Downgraded Compass And Redfin?

Hedge fund Wellington Management, which is behind two of the hottest and most controversial real estate brokerage startups — Compass and Redfin — is reportedly suffering from an overly aggressive tech investment strategy, according to a news report. The fund has had to write down many of its tech investments, but not necessarily anything from its real estate tech portfolio.