03.02.2009 - Singapore state investment fund warns of lower returns
From Thejakartaglobe.com: High returns obtained for 20 years by one of Singapore’s sovereign wealth funds will not be seen during the global credit crisis, the firm’s deputy chairman said. The Government of Singapore Investment Corp., or GIC, one of the world’s largest sovereign wealth funds, announced in September that its nominal annual rate of return over the past 20 years was 7.8 percent in US dollar terms..... Full Article: Source