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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Singapore GIC:Timing of UBS investment could have been better

Posted on 20 September 2011

The Government of Singapore Investment Corp., or GIC, Monday said its investment in Swiss bank UBS AG (UBS) was made prior to the 2008 global financial crisis and that the timing of this investment could have been better.
The state investment firm, in an emailed response to Dow Jones Newswire queries, did not specifically comment on the $2.3 billion loss incurred by the bank from rogue trading activities by one of the bank’s employees……………………………………….Full Article: Source


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