| 30.09.2009 - GIC's Tan eyes profit from protecting downside |
| From Reuters: Tony Tan, the man leading Singapore's biggest sovereign wealth fund, is no longer the doomsdayer he was more than a year ago when he warned that the global economy could face its worst recession in 30 years. Tan and his team at the Government of Singapore Investment Corp (GIC) are now looking at emerging markets with cautious optimism and have built up a warchest to do deals -- with eight percent of estimated $200 billion plus assets in cash...................Full Article: Source |