SINGAPORE (Dow Jones)--Government of Singapore Investment Corp. suffered a loss around S$59 billion in the fiscal year ended March, making it one of the worst years for the sovereign wealth fund since it was established in 1981, a person familiar with the situation said Tuesday."The equities investments suffered the most, followed by falls in property valuations. It was one of the worst years ever," the person told Dow Jones Newswires.
The person said GIC's portfolio now stands around S$265 billion.
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