"Both GIC and Temasek saw significant drops in their portfolio values during the crisis, in line with the decline in the markets, and similar to other large funds," Tharman told lawmakers in parliament, referring to Government of Singapore Investment Corp. and Temasek Holdings Pte. Ltd. Full story
Tharman: Singapore GIC And Temasek Have Done Well, Recovered Pre-Crisis Levels
Automated Trader, 2 Mar 2011
SINGAPORE -(Dow Jones)- Singapore Finance Minister Tharman Shanmugaratnam Wednesday said the country's two sovereign wealth funds have done well compared with market indexes and have recovered their pre-crisis values.
"Both GIC and Temasek saw significant drops in their portfolio values during the crisis, in line with the decline in the markets, and similar to other large funds," Tharman told lawmakers in parliament, referring to Government of Singapore Investment Corp. and Temasek Holdings Pte. Ltd. Full story
"Both GIC and Temasek saw significant drops in their portfolio values during the crisis, in line with the decline in the markets, and similar to other large funds," Tharman told lawmakers in parliament, referring to Government of Singapore Investment Corp. and Temasek Holdings Pte. Ltd. Full story
