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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Singapore’s government lost US$600 mln… what now?

Posted on 05 April 2013

The Government of Singapore Investment Corporation, which made a $575 million secondary loan, and invested as much as $200 million in equity, stands to lose all of that.
This is not the only time Singapore’s sovereign wealth funds have lost money; plenty more have been written off through failed investments like in Wall Street banks. In 2008, Temasek Holdings – the country’s other sovereign wealth fund – admitted to losing over US$46 billion in just eight months, from March to November. GIC is expected to have lost at least the same amount………………………………………..Full Article: Source


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