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Tuesday, August 09, 2022

SoftBank’s Vision Fund lost a whopping $23 billion in Q2 as tech investments turned sour… this follows a loss of $26 billion the previous quarter… all gains since 2017 have now been wiped out…

 https://www.reuters.com/markets/funds/softbank-posts-23-bln-loss-first-quarter-2022-08-08/

The result caps a tumultous six months for the Vision Fund, which posted a record $26.2 billion quarterly loss in May after SoftBank was caught out by rising interest rates and political instability that hammered markets globally.

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