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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

No GIC losses? ‘Not realistic’

Posted on 10 March 2010

From Straitstimes.com: The Government of Singapore Investment Corporation (GIC) takes it ‘very seriously’ every time there is a decline in the value of its portfolio or an individual investment, Mrs Lim Hwee Hua said yesterday.

But it is ‘not realistic’ to avoid losses on every investment as that would require GIC to be completely risk-averse, added Mrs Lim, who is Minister in the Prime Minister’s Office and Second Minister for Finance and Transport……………………………………….Full Article: Source


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