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Also in competition for most controversial investors are 1. Tiger Global that lost most of their VC bets [1] 2. Softbank's Vision Fund [2] While it's enterta
by jsemrau 4y ago
Also in competition for most controversial investors are
1. Tiger Global that lost most of their VC bets [1]
2. Softbank's Vision Fund [2]
While it's entertaining to judge from the timeline and smirk at these losses, the role they play in building a future that is "better" is still important.
All of them benefited a lot from a decade of liquidity and now they need to show resilience to survive once the music stops.
[1] https://techcrunch.com/2022/05/10/tiger-global-hit-by-17b-hedge-fund-losses-has-nearly-depleted-its-latest-vc-fund/ https://techcrunch.com/2022/05/10/tiger-global-hit-by-17b-he...
[2]https://www.cnbc.com/2022/05/12/softbank-vision-fund-posts-record-27-billion-loss-as-tech-stocks-dive.html https://www.cnbc.com/2022/05/12/softbank-vision-fund-posts-r...
- breitling 4y agoPlease don't forget Archegos. They lost $20 Billion in two days. Lol https://www.bloomberg.com/news/features/2021-04-08/how-bill-hwang-of-archegos-capital-lost-20-billion-in-two-days https://www.bloomberg.com/news/features/2021-04-08/how-bill-...
- pyuser583 4y agoOf their own money. She’s losing other peoples money.
- naveen99 4y agoThey lost more than their own money. Margin loans are other people money.
- jsemrau 4y agoHow could I forget my favorite investor of 2021? He is even a Tiger cub.
- grey-area 4y agoBill Hwang was also an early investor in ARK.
- sgt101 4y agoRemember, a coat can get wrapped round anyone's neck at any time. https://www.efinancialcareers.co.uk/news/2021/06/jason-varnish-credit-suisse https://www.efinancialcareers.co.uk/news/2021/06/jason-varni...
- paulgb 4y agoWhen I saw the headline I thought it was about Martin Shkreli, but Cathie Woods makes sense too.
- lordnacho 4y agoIs it really controversial though? That makes it sound like they're doing something wrong. They're just big, concentrated bets on the market going up that went sour. All you can say is maybe they're not as smart as they looked when the market was rocketing.
- c_o_n_v_e_x 4y agoI'd like to add Melvin Capital... Not so much because they got caught on the wrong side of a short squeeze, but they wanted close their fund and get a "do over", leaving their investors to swallow the losses and they get to start anew.
- alaricus 4y ago> 2. Softbank's Vision Fund [2] Isn't Softback the typical bagholder in hyped up companies with no real prospects? (cough wework cough...)
- nbevans 4y agoThese are nothing like the same. These are private equity funds. Cathie Wood is just a publicly traded ETF. It only trades public stocks.