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GIC paper loss in UBS at 50%. Buy and hold is in vogue again.
It’s hardly news, but at least someone somewhere (Mr. Brown from FT based out of KL to be exact) has put a number – negative USD 5.1 billion – to the “dent” put into Singapore savings arising from our involuntary bailout..cough..inve stment into UBS. For percentage aficionados and statistical freaks, that’s a paper loss of 50 ...
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uncletrader Posted by uncletrader User Menu
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on March 5, 2010 at Temasek Hedge

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