Silicon Valley hedge fund founder Glen Kacher is bullish on Japan's SoftBank and it's in large part because of its founder and CEO, Masayoshi Son.
Son told CNBC's David Faber
that the conglomerate's Vision Fund, founded in late 2016, has already invested about $70 billion of its money. "Our return on the investment is very, very good," Son said. "So some people may say, 'Well, Masa, you paid too much.' But still our company's value is growing very quickly after our investment," he said.
SoftBank is Light Street Capital's largest position. Kacher called it "one of the biggest players in the market."He's also not concerned that the company gets capital from Saudi Arabia's sovereign wealth fund. "They have tons of their own capital," Kacher said, adding that there are "many other sovereign wealth funds" that would be happy to be a part of SoftBank and have Son, "one of the sharpest investors in the world, making investments for them."
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