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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

GIC may have upper hand in luxury-hotel row

Posted on 16 August 2012

The Government of Singapore Investment Corporation (GIC) may have gained the upper hand in a protracted tussle with two United States funds over four luxury resorts.
GIC, a major creditor to the properties, filed documents in New York’s federal bankruptcy court last week charging that hedge fund Paulson & Co and Winthrop Realty Trust missed an interest payment on the debt………………………………………..Full Article: Source


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