The Wall Street Journal, 4 Jun 2009, Peter Stein
How much did Singapore’s Temasek Holdings forgo by selling off its Barclays stake too early?
People familiar with the situation say the state-owned investment fund sold off its entire stake in the U.K. bank, booking a loss of about $850 million. Most of the sale apparently took place in December and January.
Since then, however, Barclays shares have been on a tear, jumping more than fivefold from the low point on Jan. 23 amid the global stock rally of the past few months.
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