Ass Loon: Hubby & Daddy Did Well On Investments!

[makapaaa]

Dec 5, 2008
GIC performance 'respectable' <!--10 min-->
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD><!-- headline one : start --></TD></TR><TR><TD><!-- headline one : end --></TD></TR><TR><TD><!-- Author --></TD></TR><TR><TD class="padlrt8 georgia11 darkgrey bold" colSpan=2>By Sue-Ann Chia, Senior Political Correspondent
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'The situation looks a lot gloomier now than when they went in but these are long-term investments. It looks under water now, but the situation can change,' Mr Lee told the Foreign Correspondents Association at a lunch on Friday. -- ST PHOTO: ALBERT SIM
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<!-- START OF : div id="storytext"-->THE Government of Singapore Investment Corporation's (GIC) financial performance is 'respectable', Prime Minister Lee Hsien Loong said. He was referring to its real returns of 4.5 per cent in Singapore dollars over the last 20 years. 'So if you take it in nominal terms, it's about 8 per cent in US dollars,' he said, in reply to a question on whether he was happy with GIC returns at a forum by the Foreign Correspondents' Association.
'I think it is respectable for the size of funds which they are investing.' he told journalists at a forum of the Foreign Correspondents' Association.

'If you're a $1 billion endowment, you can do 20, 30 per cent returns. If you are more than $100 billion, I think you have to be a lot more cautious.'

 

[makapaaa]

>>> If you are more than $100 billion, I think you have to be a lot more cautious.' <<<
Would his hubby and daddy have LOST $80B if they were cautious?

 

[halsey02]

No more pink shirt? In PAP we trust!, will soon be printed in all new currency notes, when da da is gone!