Thought this was a very interesting read:
Softbank just invested $440 million in challenger OakNorth which provides funding for businesses. I’m a fan of OakNorth but seeing them put that much money into a relatively obscure company & as part of a round that only included one other investor blew my mind slightly.
Meanwhile here’s the FT’s Lex team’s comments on SoftBank’s latest share buyback -
Record buyback may be an attempt to appease investors for increased risks
Any idea if its possible to add Softbank in the near future?
We don’t have a timescale for this right now I’m afraid, keep an eye on the blog & this post for updates.
It’s worth mentioning that we’ve added Baillie Gifford Japan Trust (BGFD) to the app now -
Another does-what-it-says-on-the-tin trust. This trust, managed by the same firm behind Scottish Mortgage Trust, invest in a variety of enterprises in Japan, currently including Softbank, Rakuten and Sony.
quote from this blog post
Not perfect, but a 5% holding and they’re leveraged 11-17% which is good! Thanks Alex