Hints and tips:
...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....
...Regulatory filings show that SB Management — Northstar’s investment manager — held a little over $1bn in US-listed stocks at the end of 2021, down from more than $17bn one year earlier....
...(FT) Allen & Overy rolls out AI contract negotiation tool in challenge to legal industry (FT) Wells Fargo branch workers vote to form union in a first for major US bank (FT) Barclays agrees deal to stay...
...General Atlantic has held a 15 per cent stake in Kahoot since September when the US private equity firm bought the holding from SB Northstar, a now defunct hedge fund owned by Japanese conglomerate SoftBank...
...SoftBank set up Northstar in 2020 having made a well-timed bet on US tech stocks such as Amazon and Microsoft during their Covid dip....
...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....
...Just four months ago, 3M hired Steven Reich, the former Kirkland partner and US Justice Department official who most recently led Deutsche Bank through its own set of legal battles, as its chief counsel...
...Akshay Naheta, the former Deutsche Bank trader who masterminded many of its investments, has left the group....
...Six dealmakers at US-headquartered investment bank KBW are leaving its City office to launch their own boutique, according to Financial News....
...Siu says the ASX just “didn’t like crypto” and that “when they decided to go after us, they just threw the book at us”. He adds that a detailed response to its criticisms was met with a cursory reply....
...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...
...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....
...Nasdaq whale trades in US stocks later in 2020....
...He had a key role in structuring the sale of Arm Holdings, the UK chip designer SoftBank acquired in 2016, to US-based Nvidia....
...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...
...Square, the fintech start-up of US entrepreneur Jack Dorsey, is wresting payments market share from traditional banks, money agents and point-of-sale specialists....
...The key architect behind this nifty bit of dealmaking is Akshay Naheta, a former Deutsche Bank trader who runs SB Northstar....
...While Mr Naheta manages Northstar, people close to the trades said Mr Son was the driving force behind the US tech investments....
...Chinese ride-hailing group Didi Chuxing, is preparing an IPO in the US that looks set to value the company at $70bn-$100bn....
...Drop us a line and join the conversation: Due.Diligence@ft.com....
...SoftBank revealed on Wednesday that SB Northstar, which is registered in the Cayman Islands, is managed by former Deutsche Bank trader Akshay Naheta who is based in Abu Dhabi....
...(FT) Central banks European Central Bank president Christine Lagarde will take part in a policy panel on Thursday alongside Federal Reserve chair Jay Powell and Bank of England governor Andrew Bailey....
...HSBC’s co-head of global capital markets is moving to New York as the bank looks to capitalise on US leveraged finance....
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