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SoftBank Reaps $11 Billion Profit on Vision Fund Investment Gains

By
Juro Osawa
· · Source: The Information

SoftBank Group said its net profit for the quarter through December soared to 1.17 trillion yen ($11 billion), from 55 billion yen a year earlier, thanks to investment gains at its Vision Fund. The $100 billion Vision Fund and its smaller successor Vision Fund 2 generated 1.39 trillion yen in investment gains in the quarter, as the share prices of Uber and other publicly listed tech companies...

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Meet The Information’s New Financial Power Brokers
By Rachel Graf, Lauren Tara LaCapra, Cory Weinberg, Michael Roddan, Maria Heeter and Kate Clark · March 30, 2023 6:00 AM PDT
Photos via Goldman Sachs, Elliott Management, Bloomberg, the Berkeley Forum, JPMorgan Chase, Sequoia, UC Berkeley and YouTube.
Jamie Dimon won’t run JPMorgan Chase forever, and Marc Andreessen will one day give way to the next generation of investors. The Information has identified the bankers, executives and investors who could replace them by stepping into the upper echelons of the finance industry in the years to come. They are The Information’s New Financial Power Brokers: the people who will run...
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