Posts tagged with ‘Singapore’s sovereign wealth fund’

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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 […]