| Government of Singapore Investment Corp., manager of more than $100 billion of the city’s reserves, sold almost all of its 2 percent stake in Olympus Corp., the camera maker that said it hid losses with inflated fees.
GIC now only has an “insignificant holding” in Olympus under a portfolio managed by an external fund manager after the sale, the fund said in an e-mailed statement on Nov. 12, without elaborating on the financial effect of the divestment or plans for its remaining shares..............................................Full Article: Source |