Fri, Apr 25, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Investment, Performance

GIC sitting on $7.7bln loss in UBS stake

Posted on 12 February 2010

From Todayonline.com: The Government of Singapore Investment Corp (GIC) may be sitting on as much as $7.7 billion in unrealised losses from its investment in troubled Swiss bank UBS, based on calculations derived from its latest regulatory filing.

The GIC will convert 11 billion Swiss francs ($14.6 billion) worth of its UBS notes into 230.7 million ordinary shares of the bank on March 5, according to a regulatory filing in the United States on Wednesday………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

VRS - who has written 13926 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« Mar    
 123456
78910111213
14151617181920
21222324252627
282930