Trading Losses Slash SoftBank’s Vision Fund Profit

SoftBank Group Corp. posted a record profit in its Vision Fund as the equity price rose, boosting the valuation of its portfolio firms, but founder Masayoshi Son’s notorious derivatives dealing wiped out a large portion of those profits. The Vision Fund made a profit of 844.1 billion yen ($8 billion) in the December period, exceeding … Continue reading Trading Losses Slash SoftBank’s Vision Fund Profit