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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....
...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....
...People familiar with the bank disputed this account, saying Better itself had cancelled the facility....
...Nordea Bank estimated SoftBank invested an “average price of Nkr63” a share in Kahoot, implying a loss topping 70 per cent....
...Masa tapped Akshay Naheta, the former Deutsche Bank trader who masterminded SoftBank’s controversial bet on fraudulent payments firm Wirecard, to head up the fund....
...Akshay Naheta, the former Deutsche Bank trader who ran Northstar and earned notoriety for spearheading SoftBank’s bet on fraudulent payments company Wirecard, left the group in April....
...Northstar boss Akshay Naheta left earlier this year. The former Deutsche Bank trader earned notoriety for spearheading SoftBank’s bet on fraudulent payments company Wirecard....
...But striking a free option on a then-hypothetical subsidiary had all the hallmarks of a classic trade from Northstar’s chief Akshay Naheta, the former Deutsche Bank trader who also spearheaded SoftBank’s...
...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....
...Akshay Naheta, the former Deutsche Bank trader who masterminded many of its investments, has left the group....
...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...
...What would SB Northstar’s closure mean for SoftBank’s THG partnership?...
...Northstar goes south In November 2020, SoftBank lifted the lid for the first time on SB Northstar, a buccaneering internal hedge fund run by Akshay Naheta, a then 39-year-old ex-Deutsche Bank trader based...
...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....
...The architect of the investment was Akshay Naheta, the former Deutsche Bank trader who runs SB Northstar, a vehicle set up last year to manage the Japanese technology investor’s public equity trades....
...Last month the SB Northstar fund behind the huge tech bets liquidated all of its holdings and shut its doors....
...Back in 2019, the former Deutsche Bank trader engineered SoftBank’s $1bn bet on the German payments group Wirecard....
...A former Deutsche Bank trader, the 39-year-old has forged an expertise in structuring transactions with derivatives at their heart....
...That’s because the architect of the Roche investment is Akshay Naheta, the former Deutsche Bank trader who runs SB Northstar, a unit of SoftBank set up by the group’s founder Masayoshi Son last year to manage...
...SB Northstar is managed by former Deutsche Bank trader Akshay Naheta, who masterminded SoftBank’s investment into Germany’s Wirecard two years ago....
...Northstar, the asset management arm of the Japanese tech investor, desperately needs to repair its reputation following a $5.6bn loss on derivatives....
...The key architect behind this nifty bit of dealmaking is Akshay Naheta, a former Deutsche Bank trader who runs SB Northstar....
...On Wednesday, however, SoftBank said that Akshay Naheta, a 39-year-old former Deutsche Bank trader now based in Abu Dhabi, manages SB Northstar, which is registered in the Cayman Islands....
...That equates to 23 times this year’s sales, said Bank of America, which implied a paltry 1.5 times multiple for the remainder of the business. It isn’t quite that straightforward....
...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....
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