Hints and tips:
...Son has to personally cover a third of the losses in Northstar, which earned notoriety for carrying out the “Nasdaq whale” trades in US technology stocks in 2020....
...SB Northstar’s bet on Kahoot, Swedish software group Sinch and THG proved disastrous. The fund was shut down after racking up close to $6bn in losses....
...SB Northstar would invest a further $1.3bn as part of a deal between Better and a special purpose acquisition company set up by Icelandic billionaire Thor Björgólfsson....
...The total amount the Japanese executive owes his company is now at $4.7bn, when losses in the group’s shortlived internal hedge fund, SB Northstar, are also taken into account, SoftBank confirmed to the...
...Naheta, another divisive figure within SoftBank, presided over the group’s shortlived internal hedge fund SB Northstar, which was effectively shut this year after running up $5.75bn in losses....
...SB Northstar, the hedge fund that is the immediate parent of SB Management, has been largely liquidated after racking up significant losses....
...Meanwhile, he is already pursuing new lines of business around his “big northstar” of digital property rights. One new push is NFTs created by teachers....
...What would SB Northstar’s closure mean for SoftBank’s THG partnership?...
...THG Ingenuity, which provides ecommerce and logistics services for third parties, has been seen by analysts as one of the UK group’s more attractive units, particularly as ever more consumers shop online...
...(FT) Digital bodyguard Citizen, the New York tech start-up, is monetising fear, launching a service providing subscribers access to an on-demand “protect agent” for emergency assistance....
...The investment from SoftBank is coming from a fund called SB Northstar that the Japanese group has set up to invest in public equities....
...The company also agreed to grant SB Northstar a call option to acquire a 19.9 per cent stake in THG Ingenuity, a division that provides integrated ecommerce and logistics services for groups such as DIY...
...SoftBank’s Northstar goes southSoftBank has lifted the lid for the first time on “SB Northstar”, the new unit set up to play the market in tech stocks, and revealed that it has racked up trading losses of...
...Combine that with the revenues from logistics and other services, and you get a valuation for Ingenuity of over 30 times 2021 sales from the SoftBank option....
...Check out our analysis of the role played by Akshay Naheta, who runs SB Northstar, a unit of SoftBank that Son set up last year to manage its investments in public equities....
...It also means the heat is now on at Allied Universal Security Services, the California-based group that has been weighing a rival bid....
...Colony, one of Northstar’s largest shareholders, collects management fees on behalf of the publicly traded real estate investment trust....
...Colony shares have fallen by about two-thirds since the deal was completed in early 2017, at a price that analysts say overvalued Northstar’s real estate portfolio....
...Colony shares have fallen by about two-thirds since the deal to buy fund management group Northstar was completed in early 2017, at a price that analysts say overvalued Northstar’s real estate portfolio....
...We are faced right now with a situation for which Facebook clearly doesn’t have the expertise to manage,” said Abigail Shaw, operations manager at Northstar Asset Management....
...The planned space force would be a new branch of military service — although this is still awaiting approval from Congress amid a debate over whether it would better if it were integrated into the existing...
...The shares have fallen more than 60 per cent since Colony completed a merger with a rival real estate investment trust (Reit) called NorthStar in January 2017, meaning investors who bought in at the IPO...
...But he said that this was only to determine whether a takeover rumour about Northstar “had legs”; he rejected suggestions that it was an effort to get reporters to write stories to boost the price of the...
...He will be managing director responsible for industrials and business services M&A in Europe....
...But shareholders were concerned about the long-term impact of bad publicity about the company on its brand and worried users could gradually leave the service, hitting the advertising business....
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