SoftBank Vision Fund lost $3.7b after gaining $6.1 billion - MellonPost
November 29, 2020

SoftBank Vision Fund lost $3.7b after gaining $6.1 billion

SoftBank

SoftBank Vision Fund lost $3.7b after gaining $6.1 billion.

SoftBank Group, a Japanese Corp said on Wednesday SB Northstar, that is its new trading unit, had accumulated about $3.7 billion so far in trading losses.

However, on Monday it had reported $6.1 billion in quarterly profit as it’s mammoth Vision Fund was brought back into positive territory due to an increase in tech valuations.

SoftBank up until now has been known not to disclosed much information about the unit.