SoftBank Says Goodbye to the “Nasdaq Whale”

Posted on 04/04/2022

Japan-based SoftBank Group Corporation has closed most of its positions in the internal hedge fund SB Northstar LP. This is following losses of between US$ 6 billion and US$ 7 billion, which were apparently linked to the infamous “Nasdaq whale” trades. Per regulatory filings, Northstar’s investment manager, SB Management, held a bit more than US$…

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