29.09.2009 - GIC says investments drop 20 pct, UBS stake has loss

From Bloomberg: Government of Singapore Investment Corp.’s assets fell more than 20 percent in the year to March 31 as the collapse in financial markets drove down the value of its stake in UBS AG. GIC, manager of more than $100 billion of the city’s foreign reserves, said it continues to lose money on the holding in UBS, though it has made a profit on its investment in Citigroup Inc.....................Full Article: Source

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