SoftBank’s Latest Fund Wheeze Sets Off New Alarms

https://www.bloomberg.com/opinion/articles/2020-02-17/softbank-s-latest-fund-wheeze-sets-off-new-alarms

SoftBank’s Latest Fund Wheeze Sets Off New Alarms : to make a high, rough noise while breathing because of some breathing difficulty

A SoftBank buyback might make more sense. : an arrangement in which a business or person sells sth, especially shares in companies, and then buys them again according to an agreement / stock buyback- the act of buying sth from the same person you sold it to, especially an offer by a company to but shares of its own stock from shareholders 주식 환매

convertible bond : a bond that can be exchanged for ordinary shares 전환사채

cf. convertible currency 교환 가능 통화

 The new plan looks like a bid to do more unconventional equity investments in the same vein. bid: an offer of a particular amount of money for sth that is for sale / equity investment:주식투자 (equity : (회사의) 자기 자본; (자산의) 순수 가치 / 보통주 / 공평, 공정)

cf. 사모펀드 Private Equity Fund

listed-equity vehicle 

There is some logic to Misra’s idea. It would, theoretically, marry SoftBank’s nous in emerging technology with the experience in trading and structured products possessed by a bunch of former bankers working for the Vision Fund. : /naʊs/ good judgment and practical ability (Ex. Anyone with bit of nous would have known what to do.)

buyout :a situation in which a person or group buys all the shares belonging to a company and so gets control of it (기업)인수

purveyors  /pɚˈveɪ.ɚ/조달업자 a business that provides goods or services

The numbers being spoken of may be small relatively. 

late-stage venture capital :used to describe a time near the end of an organization’s or products’s development

The new offshoot would engage in financial engineering by wrapping listed investments in leveraged structures. :sth that has developed from sth larger that already existed. = outgrowth

Or is the tail wagging the dog?

 That’s due largely to high-profile mishaps in the Vision Fund, such as WeWork, even though the fund still accounts for only a 10% slice of SoftBank’s overall managed assets. :bad luck, or an unlucky event or accident (Ex. a series of mishaps led to the nuclear power plant blowing up)

an outsized impact on : (abbreviation OS, O/S) = oversize

Ironically, SoftBank has a huge opportunity already to dabble in the stock market and do financial engineering. :to take a slight and not very serious interest in a subject, or try a particular activity for a short period (Ex. She dabbled with drugs at university)

The discount at which its shares trade means it could buy nearly $50 billion of underlying investments by spending $20 billion on its own stock. 

Maybe the brains in the Vision Fund could start by identifying which of these levers to pull.