SoftBank Vision Fund Drew Big Persian Gulf Investors. Their Bets Are Floundering.

SoftBank Vision Fund Drew Big Persian Gulf Investors. Their Bets Are Floundering.

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https://www.wsj.com/articles/softbank-vision-fund-drew-big-persian-gulf-investors-their-bets-are-floundering-11660500235

Saudi Arabia’s and Abu Dhabi’s investment in the technology-focused Vision Fund is lagging behind the market

SoftBank reported this month that the Vision Fund has erased $40 billion in previously announced gains in the 12 months through June 30.Photo: Akio Kon/Bloomberg NewsFive years ago, Saudi Arabia and Abu Dhabi made an audacious bet on startups, plowing $60 billion into a fund run by investor SoftBank Group Corp. in a bid to diversify their economies and rush into the tech sector. 

It’s falling far short of expectations.

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