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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Singapore sovereign fund offers $1.5 bln for Paulson-owned resorts

Posted on 15 February 2011

Michael SageFrom Bloomberg: Government of Singapore Investment Corp., a sovereign-wealth fund, offered to pay $1.5 billion for a group of bankrupt resorts owned by investors including the hedge fund Paulson & Co.
The fund seeks to buy five resorts, one of its lawyers, Michael Sage, said in an interview after unveiling the offer at a bankruptcy court hearing yesterday in New York……………………………………….Full Article: Source


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