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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Market, Performance

PM defends Temasek, GIC

Posted on 08 December 2008

From Asia One: Singapore Prime Minister Lee Hsien Loong on Friday defended the performance of state-owned investment companies after a plunge in the value of their stakes in Citigroup, Merrill Lynch & Co and other global banks.

He said the Government of Singapore Investment Corp (GIC) and Temasek Holdings Pte, which manage more than US$100 billion (S$151 billion) of assets each, should be assessed on their overall portfolio returns instead of the performance of specific assets, Bloomberg news reported….. Full Article: Source


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