| From Temasekreview.com: A monkey throwing darts at the share pages of the Financial Times could have made bucket loads of cash over the last year. But Singapore’s super-smart sovereign wealth funds, which lost billions of dollars by investing in Western banks at the height of the bubble, seem to be having renewed difficulties even while every other Joe is lining their pockets.
The estimated $675 million that the Government of Singapore Investment Corporation (GIC) appears to have lost on a bad property investment in New York is arguably the least of Singapore’s overseas investment problems.........................................Full Article: Source
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