Government of Singapore Investment Corp, the biggest sovereign wealth fund in Singapore, has bought 4.4 million American depositary shares of Shanda Games Ltd<GAME>, a spin-off of Shanda Interactive Entertainment Ltd<SNDA>, sources reported. GIC now has a 5.4% stake in the Chinese game firm. The...
SINGAPORE, Sept 29 - Singapore's giant sovereign wealth fund GIC said on Tuesday its assets fell over 20 percent in Singapore dollar terms in the year to March 2009, but has since recovered over half...
SINGAPORE, Sept 29 - The portfolio of Singapore's giant sovereign wealth fund, GIC, fell over 20 percent in Singapore dollar terms in the year to March 2009, with its investment in UBS still showing a...
* Lim Siong Guan will also chair GIC Asset Management * Lee Ek Tieng to retire as chairman of GIC Asset Management * Unit is responsible for investments, strategy * Richard Hu to step down...
* GIC still puts faith in UBS, Citi after Temasek sells BofA * GIC's Citi investment in the black after Citi shares rally * Analysts say wealth funds refocusing on emerging markets (Updates with details,...
Government of Singapore Investment Corp (GIC), a global investment management company established in 1981 to manage Singapore's foreign reserves, cut its H-share holdings in Sinopec Shanghai Petrochemical Co Ltd (SPC)<600688><338><SHI> to 6.81% from the previous 7.08%, as per industry...
SINGAPORE, March 4 - The portfolio of Singapore's sovereign wealth fund GIC has fallen about 25 percent from its peak due to the financial crisis, but it can weather the storm for 10 years if...
SINGAPORE, March 4 - The Government of Singapore Investment Corp's (GIC) assets have fallen by about 25 percent from their peak as a result of the meltdown in financial markets, the city-state's first Prime Minister...
The Singaporean sovereign wealth fund believes that the present turmoil should provide "very interesting opportunities" to acquire impaired assets...
SINGAPORE, June 18 - The Government of Singapore Investment Corp (GIC), one of the world's largest sovereign wealth funds, said on Thursday that Lim Siong Guan will become group president and chairman of its asset...