16th Jan 2008
SINGAPORE, Jan 16 (Reuters) - The Government of Singapore Investment Corp (GIC) said on Wednesday it has committed $300 million to a U.S. hedge fund for investing in real estate securities, as it sees opportunities amid a U.S. housing slump.
GIC's real estate investment arm will also acquire a minority stake in the fund, California-based Rosen Real Estate Securities, which is run by Kenneth Rosen, a professor of real estate and urban economics at the University of California in Berkeley. >>>> More
