News on Medial

Why prudent investors remain wary of SoftBank

LivemintLivemint ยท 2y ago
Why prudent investors remain wary of SoftBank
Medial

UK-based semiconductor and software design firm Arm Holdings, owned by SoftBank Group, recently filed for an IPO. However, SoftBank's track record of investments has raised concerns among investors. Several of its high-profile IPOs, including DiDi Global and SenseTime, have experienced negative returns. While the concerns are primarily around pricing, Arm's IPO was successful due to the buzz around AI. SoftBank had previously attempted to sell Arm to chipmaker Nvidia but opted for a public listing. SoftBank has faced significant losses from its investments, including WeWork, resulting in a net loss of $3.3 billion in the June quarter. Despite this, SoftBank plans to invest heavily in AI following Arm's IPO.

Related News

Prudent Equity launches maiden fund with minimum ticket size of Rs 50 lakh

EntrackrEntrackr ยท 1y ago
Prudent Equity launches maiden fund with minimum ticket size of Rs 50 lakh
Medial

The Gurugram-based wealth management firm Prudent Equity has launched its maiden growth strategy Portfolio Management Service (PMS). This fund leverages a proven bottom-up value investing approach to capture mispriced opportunities while prioritizing capital protection. According to Prudent Equity, the fund will provide with a minimum investment of Rs 50 lakh, which is designed for investors seeking long-term capital appreciation over 36 to 60 months. The fund is tailored to meet the needs of a diverse range of investors, including (HNWIs) and (UHNWIs), offering a solution for medium- to long-term investment goals. Prudent Equity aims to achieve Rs 250 crores in Assets Under Management (AUM) for the growth strategy PMS Fund by the end of 2025. Launched in 2012 by Siddharth Oberoi, Prudent Equity is an asset management company serving family offices, HNI and retail investors. Since inception, The platform focuses on serving individuals, families and corporations by providing actionable advice on their equity investments. The growth strategy PMS fund will align with its aim of consistently meeting investor needs and providing services. Since its inception in 2012, It claims that it has maintained a client-centric approach, as demonstrated by the strong performance of its Alternative Investment Fund (AIF) launched in 2022. The platform also claims that its existing ACE fund has recently delivered 75% return over the past 12 months, compared to 37% for the benchmark.

Download the medial app to read full posts, comements and news.