12.02.2009 - 2 years of Temasek growth wiped out in months
From Asiaone.com: The global financial meltdown cost Temasek Holdings a $58 billion paper loss in eight months, the government revealed yesterday. And the Government of Singapore Investment Corporation's portfolio is expected to yield a lower than average return this year. But despite the blows, the government has full confidence in Temasek and GIC to ride out the market downturn - and says they will produce solid returns in the long term..... Full Article: Source