Thu, Feb 11, 2016
A A A
Welcome tstroemlev
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 17981 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
February 2016
M T W T F S S
« Jan    
1234567
891011121314
15161718192021
22232425262728
29