| From Latimes.com: Singapore state investment company GIC said Tuesday its investments fell more than 20 percent in the 12 months ending March, but have recovered more than half that loss as global stocks surged in recent months.
Government of Singapore Investment Corp., known as GIC, said in an annual report that the loss during its last fiscal year pulled down the fund's 20-year nominal annual rate of return in Singapore dollar terms to 4.4 percent from 5.8 percent.....................Full Article: Source
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