FT News Briefing Monday, February 17
Feb 17, 2020
SoftBank plans to launch a new hedge fund with significant outside investments amid changing market dynamics. Innovations from Goldman Sachs allow cheaper bets on Chinese stocks, while Samsung navigates supply chain issues by relocating production from China to Vietnam. The podcast also shines a light on the alarming youth unemployment crisis in the Middle East and North Africa, where over 300 million jobs will be needed by 2050. Personal stories from young people reveal their struggles, aspirations, and resilience in the face of economic hardships.
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SoftBank's Hedge Fund Shift
- SoftBank's Vision Fund head, Rajiv Misra, seeks outside investment for a hedge fund-style vehicle.
- This deviates from Masayoshi Son's focus on private tech startups, following issues with WeWork and WAG.
Cheaper Bets Against Chinese Stocks
- Investors can now bet against Chinese stocks more cheaply using a synthetic index.
- This index mirrors the CSI 300 and is available through Goldman Sachs' platform.
Samsung's Airlift
- Samsung airlifts phone components from China to Vietnam due to virus-related land restrictions.
- This highlights supply chain vulnerabilities for electronics manufacturers.