Sat, Aug 1, 2015
A A A
Welcome asarmad
RSS

Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Performance

GIC loses money on New York project

Posted on 12 January 2010

From Themalaysianinsider.com: The Government of Singapore Investment Corporation (GIC) has suffered losses investing in a prime New York property project after the American owners defaulted on a debt payment last Friday.

The exact size of the hit has not been disclosed but GIC is said to have invested a total of US$675 million (RM2.25 billion) in Manhattan’s Stuyvesant Town and Peter Cooper Village……………………………………Full Article: Source


 Article link

This post was written by:

VRS - who has written 16802 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
August 2015
M T W T F S S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31