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Sovereign Wealth Funds Briefing - Categorized | Investment, Performance

GIC incurs over $7 bln loss in its UBS investment

Posted on 08 March 2010

From Temasekreview.com: According to a report in Wall Street Journal, the Government of Singapore Investment Corp. (GIC) has incurred a paper loss of $5 billion or about S$7.2 billion dollars on its investment in Swiss bank UBS after its notes are converted to shares.

While the disastrous loss made headlines worldwide, it was not reported by the Singapore media yet………………………………………..Full Article: Source


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VRS - who has written 14798 posts on Opalesque Sovereign Wealth Funds Briefing.


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