Wealth and Asset Management
Singapore’s Sovereign Wealth Fund to Cut Stake in UBS
Singapore’s sovereign wealth fund is halving its stake in Swiss banking giant UBS Group AG, crystallizing a multibillion-dollar loss on an investment that was ill-fated from the start. GIC Pte. Ltd., which has been one of UBS’s largest shareholders for much of the past decade, said it would cut its…
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Click here to read the full story: Wall Street Journal