24.10.2008 - Unlisted property a big unknown as SWFs re-emerge
From Theaustralian.news.com.au: The Singaporean Government's decision to invest up to $600 million in GPT marks the re-emergence of sovereign wealth funds. SWFs seemingly hid for cover in the wake of the credit crisis. The Singaporean Government's agreement to underwrite the GPT rights issue was obviously crucial to the $1.6 billion recapitalisation. The company's board should get some credit for doing the deal before it was too late..... Full Article: Source