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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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Sovereign Wealth Funds Briefing - Categorized | Investment, Market
GIC defends its investment in Swiss bank UBS
| Posted on 20 September 2011 |
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