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

GIC in good shape, says Tony Tan

Posted on 03 February 2010

From Asiaone.com: With global markets improving in recent months, the move by the Government of Singapore Investment Corporation (GIC) to cut its equity holdings before the 2008 crash and begin buying up stocks early last year is paying off.

‘We did an assessment in 2007 when markets were over-exuberant. We de-risked the portfolio, selling part of our equities,’ Dr Tony Tan, deputy chairman of Singapore’s sovereign wealth fund, said……………………………………Full Article: Source

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