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The Boston Globe

Business

Facebook could offer fund firms big payday

When Facebook shares go public, a number of Boston money managers, including Fidelity Investments, stand to see big gains because they invested in the social networking site while its stock was still private.

These holders do not appear in Facebook’s initial public stock offering document, filed yesterday, because they are not among the largest owners. But Fidelity, John Hancock Funds, and Massachusetts Mutual Life Insurance Co. are just some of the many investors who will get a little piece of the action when Facebook shares start trading publicly.

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