Norway SWF sacked entire team after record lossess!

[temasekreview]

Norges Bank Investment Management (NBIM), which manages Europe’s largest sovereign wealth fund, named a new team of executives after a record 633 billion-krone loss last year wiped out gains from 12 years of investing Norway’s oil and gas revenue. (read article here)

Norway, one of the world’s largest petroleum exporters, has invested its oil wealth in a fund with a current market value of more than $350 billion. The fund has a portfolio of around 8,000 companies and offices in Oslo, London, New York and Shanghai.

Read rest of article here:

http://temasekreview.com/?p=12600

 

[Meltdown]

Norges Bank Investment Management (NBIM), which manages Europe’s largest sovereign wealth fund, named a new team of executives after a record 633 billion-krone loss last year wiped out gains from 12 years of investing Norway’s oil and gas revenue. (read article here)

Norway, one of the world’s largest petroleum exporters, has invested its oil wealth in a fund with a current market value of more than $350 billion. The fund has a portfolio of around 8,000 companies and offices in Oslo, London, New York and Shanghai.

Read rest of article here:

http://temasekreview.com/?p=12600

All SWFs in the world, not just Temasick, are designed to suck & transfer the wealth from their peasants to the criminals on Wall Street and the City of London.

 

[halsey02]

All SWFs in the world, not just Temasick, are designed to suck & transfer the wealth from their peasants to the criminals on Wall Street and the City of London.

Singapore SWF team have ASIA VALUES, whatever they do is UNTRANSPARENT, do not need to answer to any body...never in another 50 years get saked!!:(

 

[hairylee]

Singapore SWF team have ASIA VALUES, whatever they do is UNTRANSPARENT, do not need to answer to any body...never in another 50 years get saked!!:(

Yes, Asian Values in Singapore sure does have a totally different meaing.

 

[halsey02]

Yes, Asian Values in Singapore sure does have a totally different meaing.

Even the communists from the middle Chinese schools, though their they are stubborn in their ideologies; have better ASIAN VALUES & moral standards.:o

 

[Papsmearer]

All SWFs in the world, not just Temasick, are designed to suck & transfer the wealth from their peasants to the criminals on Wall Street and the City of London.

Aiyah, no such word as untransparent mah. Its opaque. But former ministar of education Tharmshagyourmama inventing new words.

 

[mscitw]

Nobody dares to sack the PM's wife after the titanic losses at Temasick!

Only in peasantpore, a sham republic, dynastic succession!!

 

[goldenmonkey]

All SWFs in the world, not just Temasick, are designed to suck & transfer the wealth from their peasants to the criminals on Wall Street and the City of London.

Thanks for this article, it just makes the following BS stinkier

1. Investment for the long term
2. Mdm Ho leaving (U turning now) Temasick has nothing to do with the previous year's result
3. should be thankful to the management who has made more profit over the years....

We have made a record timing to transform from a 3rd world country to 1st and has a book with the same title, anyone with an interest to write the sequel?

 

[ChaoPappyPoodle]

How can you sack someone for doing a poor job when that someone doesn't deserve that job to begin with?????

The Jinx should never have been appointed for the job based on her education and experience. In fact, her track record was suspect with the Micropolis debacle. Imagine buying over a world-renowned company and having it fold right before your eyes in less than a year.

 

[TeeKee]

All SWFs in the world, not just Temasick, are designed to suck & transfer the wealth from their peasants to the criminals on Wall Street and the City of London.

wealth is a curse, not a blessing....especially true when you donno how to use it properly...

 

[jimmyfallon]

The link isnt working. Can someone pls post the article here.