30.07.2009 - Singapore Temasek's investments lost US$28 bln
From AP: Singapore government wealth fund Temasek said its investment portfolio lost 40 billion Singapore dollars ($28 billion) during the 12 months ended March as big bets on financial companies went sour. In a speech Wednesday, Temasek Chief Executive Ho Ching said the fund's own analysis last year of various investment scenarios had shown there was a 16 percent probability its portfolio could drop that much. "Indeed, it had turned out to be so, and more."........Full Article: Source