(Reuters) – SoftBank Group Corp is winding down its derivatives strategy after investor backlash, Bloomberg News reported on Wednesday, citing people familiar with the matter.
The company will hold on to its underlying portfolio of big tech stocks, which included Amazon.com Inc and Facebook Inc, according to the report. (https://bloom.bg/2JBIuT6)
SoftBank did not immediately respond to a Reuters request for comment.
(Reporting by Aakriti Bhalla in Bengaluru; Editing by Shounak Dasgupta)
