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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: bull_dozer who wrote (185967)	4/4/2022 9:36:28 PM
From: bull_dozer	Read Replies (2) \| Respond to of 218186

SoftBank liquidates most of portfolio at ‘Nasdaq whale’ trading unit SoftBank has liquidated almost all of the positions in its abortive internal hedge fund SB Northstar after racking up between $6bn and $7bn in losses in the unit behind the notorious “Nasdaq whale” trades. The future of the Japanese technology conglomerate’s buccaneering trading unit has been in doubt since November, when SoftBank’s founder Masayoshi Son told investors “the company called SB Northstar is about to come to an end”. Akshay Naheta, the former Deutsche Bank trader based in Abu Dhabi who ran the unit, left SoftBank on Thursday, according to a person familiar with the matter. The 40-year-old is known for executing complex derivative transactions and earned notoriety for spearheading SoftBank’s controversial bet on the shares of fraudulent payments company Wirecard. ft.com