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...Son also began to borrow personally from SoftBank to foot the bill for his investments in the group’s second Vision Fund, Latin America fund and shortlived hedge fund unit, SB Northstar....
...The New York-based securitised products business packaged debts, such as mortgages and loans for yachts, before selling them on as securities....
...estate groups in North America, Europe and Australia....
...Its initial gung-ho backing of Better has left SoftBank a key player, owning a stake of almost 20 per cent, as the mortgage group’s struggles have deepened....
...The Vision Fund would buy $500mn worth of shares in the US mortgage group at a $6bn valuation — a 50 per cent increase to six months earlier....
...Tesla and Nvidia offer more growth and even higher valuations (although when you scale Nvidia’s valuation to its near-term growth rate, using a PE/growth ratio, it surprisingly looks the cheapest of the group...
...For instance, here’s an extract from a filing by Manhattan Bridge Capital, a small Nasdaq-listed mortgage Reit: No Adverse Material Change....
...KKR’s recent agreement to buy up to €40bn of consumer loans originated by PayPal is one among various efforts by the firm to break into “asset-based” finance — fixed-income products such as mortgages, car...
...That followed a $1bn investment in German real estate group Vonovia in a similar structure....
...In addition, Masayoshi Son will deposit with SVF2 LLC $500 million worth of SoftBank Group Corp. shares (as of the issue date of the Equity from SVF2 LLC to MgmtCo)....
...The Norwegian group said General Atlantic would buy the stake from SB Northstar, a troubled fund owned by Japanese conglomerate SoftBank....
...“Let’s take this offline” is appearing in group WhatsApp chats....
...It has given me some anxiety, carrying two homes with two mortgages,” he says. At least for Haas, those mortgage rates are relatively low....
...Son has kept his vow to cut the losses of his Japanese tech investment group....
...“A consequence-free era of virtually unlimited low-cost capital had come to an end,” Klarman, the head of Baupost Group and a prominent figure in investing, declared in a year-end letter to clients seen...
...securitised products group....
...Even some of Citadel’s own investors say they get little information on the group’s trading. But few are complaining....
...The Big Short movie chronicled short selling directed against US mortgage-backed securities while the Netflix documentary Skandal!...
...That year, a talented First Boston mortgage bond trader who had suffered losses, Lawrence Fink, would also leave to start a money manager that would eventually become BlackRock....
...ARKK is the largest of a group of strategies that combine an ETF structure with an ability to pick stocks....
...If agreed, the deal would further underscore the increased presence of private capital groups in many of the most lucrative if risky areas of lending....
...Over the past 12 months, Apollo’s various lending platforms, which range from operations spanning equipment finance, mortgages and mezzanine real estate loans, have originated more than $100bn in debt, including...
...Among the top 10 holdings in its Scottish Mortgage Investment Trust fund as of September 30 were shopping platform Meituan and social media and gaming group Tencent, both of which declined by more than 14...
...The group’s long-only fund lost 24.9 per cent in April and is down 51.7 per cent in 2022, the person said. Across the two funds, the firm managed about $35bn in public equities at the end of 2021....
...Tiered share classes were popularised by tech groups led by founders that wanted to retain power over the companies they built....
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