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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

GIC defends its investment in Swiss bank UBS

Posted on 20 September 2011

The Government of Singapore Investment Corp (GIC) has issued its first comments on its UBS investment since news of the Swiss bank’s shock US$2.3 billion in trading losses.
GIC, the largest shareholder of UBS, said that its own performance ‘is assessed based on our overall portfolio and not on individual investments’………………………………………Full Article: Source


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