Posts tagged with ‘Government of Singapore Investment Corp’

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Singapore’s sovereign wealth fund’s $1.6 billion Profit on Citigroup

September 24, 2009

Looks like the buy and hold strategy worked out for Singapore’s sovereign wealth fund, after it notched a $1.6 billion profit on a partial sale of its Citigroup Inc. (NYSE:C) stake. The Government of Singapore Investment Corp., or GIC reduced its holding of Citi to 5% from 9%, exchanging its $6.88 billion of convertible preferred […]

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Fullerton aims to extend Singapore’s reach by wooing the European investor

September 7, 2009

The city state of Singapore punches well above its weight in the world of investment. Between them Temasek Holdings and the Government of Singapore Investment Corporation, the tiny nation’s twin sovereign wealth funds, manage an estimated $400bn (£245bn, €280bn) of assets.

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Goodyear will not be Temasek’s next CEO

July 22, 2009

Singapore government investment fund Temasek said Charles W. Goodyear won’t take over as chief executive because of differences in strategy, a surprising reversal that leaves the wife of the prime minister in the company’s top job. Goodyear, who had been working alongside outgoing chief executive Ho Ching since March, will leave the sovereign wealth fund […]

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Ex-Lehman, GIC Managers Fuel Asia Hedge-Fund Industry Renewal

June 12, 2009

Former Lehman Brothers Holdings Inc. and Government of Singapore Investment Corp. traders are among an estimated 32 hedge-fund startups in Asia that are offering strategies beyond equities, after a record 180 funds closed in the region during last year’s global markets rout.