13.01.2010 - GIC may lose more than SGD$20 bln dollars of Singapore’s reserves

From Temasekreview.com: Singapore’s largest sovereign wealth fund Government Investment Corporation (GIC) may have lost more than SGD$30 billion dollars of the country’s reserves in risky overseas investments last year. GIC was established in 1981 as a “private” company to manage the reserves of Singapore which is accumulated from years of budget surpluses due to Singapore’s high national saving rates, especially in the 1970s..........................................Full Article: Source

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