Baillie Gifford Japanese Income Growth manager See stands by Softbank

Japanese Income Growth fund

Despite a run of bad headlines surrounding SoftBank, which endured the collapse of WeWork this month, Karen See, manager of the Baillie Gifford Japanese Income Growth fund, remains bullish on its CEO, Masayoshi Son.

The company lost $6.2bn when WeWork filed for bankruptcy at the start of the month, in which SoftBank had invested in 2017. In 2021 it helped cut a deal to take WeWork public via a merger with a blank-check acquisition company. Stock Spotlight: Toyota EV pivot may not be enough to catch Tesla But See stood by SoftBank's leader: "We think that Son, unlike some press coverage would have it, is actually of one of the best capital allocators in Japan." "He has actually made a lot of very good investments over the longer period," she argued, noting that unfortunately "a lot of the failu...