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Sovereign Wealth Funds Briefing - Categorized | Performance, Reserve Currencies

GIC may lose more than SGD$20 bln dollars of Singapore’s reserves

Posted on 13 January 2010

From Temasekreview.com: Singapore’s largest sovereign wealth fund Government Investment Corporation (GIC) may have lost more than SGD$30 billion dollars of the country’s reserves in risky overseas investments last year.

GIC was established in 1981 as a “private” company to manage the reserves of Singapore which is accumulated from years of budget surpluses due to Singapore’s high national saving rates, especially in the 1970s……………………………………Full Article: Source


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