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Tuesday, February 22, 2011

Singapore GIC Joins the Resort Fray

MarketWatch, 22 Feb 2011Vying for a role in the restructuring of well-known luxury resorts in bankruptcy court, an affiliate of the Government of Singapore Investment Corp. is setting the stage for a potential battle with a group including hedge-fund firm Paulson & Co. and Winthrop Realty Trust.In court papers filed Monday, the Government of Singapore Investment Corp., or GIC, spelled out a $1.48