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Sovereign Wealth Funds Briefing - Categorized | Performance

State-owned Singapore firm loses value in investment amid downturn

Posted on 05 February 2009

From Xinhua: Singapore’s Ministry of Finance said the Government of Singapore Investment Corporation (GIC) have lost value in investment amid global financial downturn, local media reported on Wednesday.

According to TV broadcaster Channelnewsasia’s report, although the GIC registered good performance over the long term, its investments have lost value like other institutional investors in the backdrop of the crisis. …. Full Article: Source


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