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davepamn

M¢25 Funded By Mahalo ? | October 14, 2009 02:22 PM

Will Singapore's sovereign wealth fund continue to defend its investment into Citigroup?

GIC Deputy Chairman Tony Tan says Singapore will continue support Citi despite sharp declines in price.

"We are confident that the two banks will give good long-term returns after the global turmoil has ended,"

http://www.marketwatch.com/story/singapores-100-bln-sovereign-wealth-fund-has-shifted-focus

However, in 2009, GIC cut its SWF stake in Citigroup below 5 percent

http://blog.taragana.com/n/singapore-sovereign-wealth-fund-cuts-stake-in-citigroup-below-5-percent-175107/

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