Vision Fund slide points to more pain for SoftBank’s Son

Sliding valuations in the listed portfolio of SoftBank Group Corp’s Vision Fund unit point to more pain for CEO Masayoshi Son when the group reports April-June earnings on Monday as investors go cool on the high-growth firms he favours.

Vision Fund’s public portfolio first-quarter loss could top $10 billion, Redex Research analyst Kirk Boodry estimated, after falls in robotics firm AutoStore Holdings Ltd, e-commerce firm Coupang Inc and artificial intelligence firm SenseTime Group Inc, whose shares fell by almost half on the last day of June.