As Amazon parties on, some large fund managers take their leave

April 23, 2015 12:50 AM

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NEW YORK, April 22 (Reuters) - For many years, investors have been very tolerant as Amazon.com has sacrificed profits for rapid growth in sales and as it built new businesses. That patience may finally be wearing thin.

The average large-cap fund that holds Amazon has 1.4 percent of its assets in the stock, down 23 percent from this time last year, according to the latest available Lipper data.

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