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Bad investment deals of SG inc?!
09-27-2011, 11:55 AM
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Flamel Offline
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Bad investment deals of SG inc?!
"Government of Singapore Investment Corp. faces a 6.7 billion Swiss franc ($7.4 billion) loss as the biggest investor of UBS AG (UBSN), topping unprofitable banking investments by the city’s sovereign wealth firms since 2007."

"GIC plans to hold on to the banking stakes for “many years” and will only consider selling if there are attractive offers, Tony Tan, the fund’s former deputy chairman"

ConfusedConfusedConfusedConfusedConfused *sweat*

http://www.bloomberg.com/news/2011-09-26...andal.html
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