Rajeev Misra, the manager of SoftBank's Vision Fund, espoused optimism for the future of the fund in the next 18 to 24 months,Misra and SoftBank have faced criticism after WeWork's failed attempt to go public and an explosive report from The Wall Street Journal claimed that Misra oversaw an operation to blackmail a former SoftBank executive.
It spent $10 billion bailing out WeWork after its IPO plans imploded and installed Misra to oversee what it hopes will be a turnaround. And as Misra has become an increasingly powerful executive within SoftBank's ranks, criticism has also been directed at Misra himself. The executive was accused in a report from The Wall Street Journal ofa former SoftBank president by attempting to lure him into a "honey trap" with compromising sexual photos. Misra and SoftBank have denied the claims.
Vision Fund's struggle comes at an inopportune time considering the state of global economics amid the coronavirus outbreak, with the S&P 500 dipping into one of its worst weeks since 2008. One-third of the companies in Vision Fund 1 are based in Asia.
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