Another CPF/GIC investment gone ‘pock kai’, more than A$400 million loss
I refer to a May 2015 post, “GIC investing our CPF using ‘tikam tikam’ model, based on hope”, where I had highlighted “Arrium Ltd”, an Australian company with business interests in mining, mining consumables and steel. Sadly, Arrium recently went into Voluntary Administration in April and the chances of shareholders...
Temasek’s return only negative 9% last year?
Last month, Temasek disclosed it’s portfolio value had declined by $24 billion to $242 billion. However, I find its negative 9.2% shareholder return unbelievable. Firstly, the value of Temasek’s mostly-profitable listed major investments have declined by about $20 billion. No one knows if its unlisted investments are making...
Market Psychosis, Global Economy, Financial Cycle
Goldman Sachs, Jeffrey Gundlach and Bill Gross have all collectively sounded risks alarm on rising equities and bond markets[ LINK ]. The huge disconnect between stocks and bonds is particularly disturbing. Of late, the 10-year bond market is wildly volatile, notably in the US and post Brexit UK. One class of investors will...
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