Fidelity's picker of bluechips Will Danoff wary of unicorns

Fidelity's picker of bluechips Will Danoff wary of unicorns

Fidelity Investments Contrafund manager Will Danoff (L) and Liberty Media CEO Greg Maffei (R) attend the second day of the Sun Valley Conference in Sun Valley, Idaho in this July 7, 2011, file photo. REUTERS/Anthony Bolante/Files

Will Danoff, one of the U.S. mutual fund industry’s best stock pickers over the past 25 years, is tapping the brakes on funding so-called unicorn companies, saying the prospects for fast growing private businesses before they go public may be fading.

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