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Sovereign Wealth Funds Briefing - Categorized | Market, Performance

Goodman Group on the way back

Posted on 25 February 2010

From Theaustralian.com.au: Goodman Group is banking on a turnaround in profit from development and funds management to drive it to a forecast operating profit of $310 million this financial year. The group added sovereign wealth fund China Investment Corporation, and Canadian Pension Plan Investment Board, as strategic partners last year.
In the six months to December 31, Goodman suffered more heavy falls in asset values, with $1.5 billion of cuts to its property portfolio and adverse foreign exchange movements pushing the group to a $500.3m loss…………………………………..Full Article: Source


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