SoftBank Hedge fund closed down – Liquidates Most of portfolio- down from $16 billion to $1 billion…ouch.

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SoftBank has closed most of its positions in the internal hedge fund SB Northstar following losses of between $6 billion and $7 billion from the so-called ‘Nasdaq whale’ trades, the Financial Times reports, citing an unidentified person familiar with the matter.

Read more at:
https://economictimes.indiatimes.com/tech/technology/softbank-liquidates-most-of-portfolio-at-nasdaq-whale-unit/articleshow/90613313.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

https://www.bloomberg.com/news/articles/2022-04-02/softbank-liquidates-most-of-portfolio-at-nasdaq-whale-unit-ft

h/t  MandoHORIan