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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Singapore SWF loses fight over bid for bankrupt Paulson Resorts

Posted on 30 June 2011

Government of Singapore Investment Corp. lost a bid to move forward with a $1.5 billion offer for a group of resorts that hedge fund Paulson & Co. is seeking to restructure.
The Singapore sovereign wealth fund, known as GIC, says the five resorts are putting it and other creditors at risk by prolonging their bankruptcy case and should instead be put up for sale……………………………………….Full Article: Source


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