GIC loses $10 billion in UBS, wants to maintain discipline, hahaha

[SadPlumpGal]

We laugh at the incompetence of the Malaysian government in handling the MAS crisis.

Take a good look at ourselves in the mirror. Our incompetence is much worst and effects long lasting.

The Western bankers are laughing their cute butts off, after they learnt from the fox spirit masters and sweet-talked GIC into bailing them out.

UBS, Barclays, Merrill Lynch, you name it. $40 over billion lost. (http://online.wsj.com/news/articles/SB125418236117447877)


http://www.straitstimes.com/breakin...e-discipline-its-investing-decisions-20140312

GIC will maintain price discipline in its investing decisions, said the sovereign wealth fund's chief investment officer Mr Lim Chow Kiat, at the annual conference of the Investment Management Association of Singapore on Wednesday afternoon.

This is one of the five principles that guide GIC in making its asset allocation decisions.

Although the global market may be volatile, GIC still remains focused on fundamentals when investing the nation's wealth.

The five principles are: pursue intrinsic value and maintain price discipline; practise long-term investing; pick our spot: be focused and leverage our strengths; pay attention to risk control and prepare for the future.

 

[SadPlumpGal]

Instead of griping over a $100 fee to watch some stupid football tournament - less than $2 per game - Singaporeans should bark up the right tree.

According to the Wall Streets Journal, GIC lost $40 billion. With a 3 million citizen population, that is $13,000 for each man, woman and child!!!!

 

[laksaboy]

Instead of griping over a $100 fee to watch some stupid football tournament - less than $2 per game - Singaporeans should bark up the right tree.

According to the Wall Streets Journal, GIC lost $40 billion. With a 3 million citizen population, that is $13,000 for each man, woman and child!!!!

Oooh, how dare you suggest a redistribution of wealth. That's communism, socialism, possibly satanism. It destroys competitiveness and takes away the incentive to work. It is anathema to everything the PAP stands for.


[video=youtube;SIO2Y3J4YGQ]https://www.youtube.com/watch?v=SIO2Y3J4YGQ[/video]

 

[syed putra]

Instead of griping over a $100 fee to watch some stupid football tournament - less than $2 per game - Singaporeans should bark up the right tree.

According to the Wall Streets Journal, GIC lost $40 billion. With a 3 million citizen population, that is $13,000 for each man, woman and child!!!!

I tot per capita income 4 times this figure. Can easily pay within 3 months by each and every citizen.

 

[AhGirl]

Instead of griping over a $100 fee to watch some stupid football tournament - less than $2 per game - Singaporeans should bark up the right tree.

According to the Wall Streets Journal, GIC lost $40 billion. With a 3 million citizen population, that is $13,000 for each man, woman and child!!!!

FUCK PAP!!!!!!!!!!!! :oIo:

 

[Kuailan]

Now Papaya told us they have $8B for senior we have to wait long long, till our jaw
drop in the longkang it will never happened this is only PAP Wayang to make everyone
happy, you will never see the day!!

 

[myfoot123]

We laugh at the incompetence of the Malaysian government in handling the MAS crisis.

Take a good look at ourselves in the mirror. Our incompetence is much worst and effects long lasting.

The Western bankers are laughing their cute butts off, after they learnt from the fox spirit masters and sweet-talked GIC into bailing them out.

UBS, Barclays, Merrill Lynch, you name it. $40 over billion lost. (http://online.wsj.com/news/articles/SB125418236117447877)



This is one of the five principles that guide GIC in making its asset allocation decisions.

Although the global market may be volatile, GIC still remains focused on fundamentals when investing the nation's wealth.

The five principles are: pursue intrinsic value and maintain price discipline; practise long-term investing; pick our spot: be focused and leverage our strengths; pay attention to risk control and prepare for the future.

If WP were to make a couple million losses, Straits Times will be happy to print 10 pages to report about it. GIC is chaired by the old fart, Temasek is chaired by PM's wife. 150th Shit Times owed these two PM's family members a living, thus even if GIC/Temasek were to bankrupt Singapore and run away with our hard earn CPF funds, you will hardly hear a burp from Straits Times.

 

[virus]

according to wrongkuntseng, it's either a honest mistake or a dishonest mistake. so move on.

 

[kingrant]

I know somebody here is going into fits and spasms but I have to use the right words: Spot on.

If WP were to make a couple million losses, Straits Times will be happy to print 10 pages to report about it. GIC is chaired by the old fart, Temasek is chaired by PM's wife. 150th Shit Times owed these two PM's family members a living, thus even if GIC/Temasek were to bankrupt Singapore and run away with our hard earn CPF funds, you will hardly hear a burp from Straits Times.

 

[Narong Wongwan]

Instead of griping over a $100 fee to watch some stupid football tournament - less than $2 per game - Singaporeans should bark up the right tree.

According to the Wall Streets Journal, GIC lost $40 billion. With a 3 million citizen population, that is $13,000 for each man, woman and child!!!!

Machiam the resident cheapo charlie ykhuser.....always starting threads about $1-$2 things....
Think his tiny brains cannot compute the billions lost by whore jinx.

 

[escher]

Instead of griping over a $100 fee to watch some stupid football tournament - less than $2 per game - Singaporeans should bark up the right tree.

According to the Wall Streets Journal, GIC lost $40 billion. With a 3 million citizen population, that is $13,000 for each man, woman and child!!!!

That loss only for this year.

What about other years when LKY buy high high and sell low low
And then hiding behind JC and his sons pretending they lost the fucking money

 

[ginfreely]

Instead of griping over a $100 fee to watch some stupid football tournament - less than $2 per game - Singaporeans should bark up the right tree.

According to the Wall Streets Journal, GIC lost $40 billion. With a 3 million citizen population, that is $13,000 for each man, woman and child!!!!

Yeah Singaporeans should be asking why the Singapore sovereign fund is not savings for paying the welfare benefits like the Norwegians soverign funds? If not, what is the purpose of the sovereign funds, is saving for who?

http://au.news.yahoo.com/thewest/bu...oil-fund-makes-every-norwegian-a-millionaire/
Swelling oil fund makes every Norwegian a millionaire
AFP
March 1, 2014, 4:12 am

Oslo (AFP) - A bumper 2013 for Norway's sovereign wealth fund, which invests surplus oil revenue, has made every Norwegian a virtual millionaire in kroner.

After posting its second best year, Norway's so-called "oil fund" -- the world's largest -- signalled a shift away from fossil fuels, notably over environmental concerns.

The fund's market value rose $200 billion last year to top 5 trillion kroner, according to figures released by the central bank on Friday.

That almost makes every single one of the Nordic country's 5.1 million inhabitants a millionaire in the local currency, at least on paper.

Translated into dollars, it means the fund holds around $165,000 per capita.

Despite its name, the Government Pension Fund of Norway is actually saving to guarantee the continuation of its generous welfare benefits for future generations.

Yngve Slyngstad, the oil fund's chief executive, said 2013 was "a good year" in terms of financial performance.

"2013 saw a return to lower uncertainty in the financial markets but also a weak growth of the world economy," Norway's central bank chairman Oeystein Olsen said.

"Paradoxically, this weak growth and the low interest rates abroad are probably the main reasons for the fund's good results in the last two or three years."

According to the Sovereign Wealth Fund Institute, the Norwegian fund is the largest in the world, followed by a fund owned by the United Arab Emirates.

Started in the 1990s, the fund has shares in 8,213 companies around the world and owns 1.3 percent of global market capitalisation, including 2.5 percent of all European shares.

Due to extremely low interest rates throughout the world, bond investments (37.3 of the portfolio) gave no return, while real estate investments in Europe and the US, turned in 11.8 percent.

- Divesting from fossil fuels? -

The fund's portfolio could be facing changes in the near future however, moving away from the very source of its wealth.

The ruling minority right-wing coalition agreed Friday with two small centre-right ally parties to set up an independent panel of experts to examine the possibility of divesting from oil, natural gas and coal.

It was not clear whether any pull-out would affect all fossil fuel extraction companies or only target those where it is the main activity.

It was also unclear whether power companies would be included.

"It is important to look at this issue from every angle before going ahead with changes," said Svein Flaatten, finance spokesman for the conservative party.

The conclusions of the panel, expected next year, could radically change the fund's portfolio: 8.4 percent of its share investments are placed on oil and gas producers.

What may seem like a paradoxical initiative in a country that draws a quarter of its wealth from fossil fuels is explained by environmental concerns but also motivated by economic interest.

Several financial experts have claimed that the fund is doubly exposed to fossil fuels.

A price drop in the fossil fuel sector would mean less state money poured into the fund and also lower returns on the stock markets.

Last year, the fund's overall share return was significantly higher than the 16.1 percent the fund obtained from shares in oil and gas companies.

In December the opposition Labour Party first sparked a debate on the fund going greener when it proposed selling off its investments in "dirty" coal-based energy.

That would put the Norwegian state in a difficult situation, since it owns a company which extracts coal in the Arctic Svalbard archipelago, where it is an essential part of the local economy.

The fund already started selling stakes in coal and gold businesses due to "acute environment challenges", said Slyngstad, who added that the fund would continue to do so this year.

 

[Stompiss]

There was a time when Greenback/Sinkie dollar = 1.2040 range. Hmmmmmmm