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Sovereign Wealth Funds Briefing - Categorized | Investment, Performance

UBS stake loss offset in portfolio -Singapore’s GIC

Posted on 20 September 2011

Singapore sovereign wealth fund GIC said on Monday the losses on its investment in UBS were offset by good investment decisions, which has helped its portfolio rebound to a level seen prior to the global financial crisis.
“In retrospect, we had said in late 2008 the timing for the (UBS) investment could have been better,” the Government of Singapore Investment Corp said in a letter to a local newspaper seen by Reuters……………………………………….Full Article: Source


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