| From IPE: An unprecedented partial switch to tactical asset allocation by one of Singapore’s sovereign wealth funds has helped it bounce back from the “devastation” of the global financial crisis.
The Government of Singapore’s Investment Corporation (GIC) said in its annual report this week the portfolio’s increase in value in the financial year to 31 March 2010 “largely offset” earlier losses of more than 20% in Singapore dollar terms in 2008-2009..............................................Full Article: Source
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