Financial Times, 20 Sep 2011GIC is sitting on a substantial loss – close to SFr6.5bn ($7.4bn) – on its UBS stake, acquired for €11bn ($15bn) three and a half years ago. At the time, it signalled its intention to hold the investment for as long as 30 years, though recent events may have given it cause to reconsider that time horizon, some bankers said. Full story
