08.12.2009 - Who has made money buying Citigroup stock?
From WSJ: Kuwait Investment Authority – a sovereign wealth fund —invested $3 billion in Citigroup in 2008, as the Wall Street lender was reeling from subprime losses. Over the weekend, the KIA converted its preferred shares into common shares and sold them for a profit. Government of Singapore Investment Corp. earned a $1.6 billion profit on its Citigroup investment in September. The Singapore government fund exchanged $6.88 billion of convertible preferred stock for Citigroup common shares at $3.25 apiece on Sept. 11..................................Full Article: Source
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