Tharman: Singapore GIC And Temasek Have Done Well, Recovered Pre-Crisis Levels

Automated Trader, 2 Mar 2011SINGAPORE -(Dow Jones)- Singapore Finance Minister Tharman Shanmugaratnam Wednesday said the country's two sovereign wealth funds have done well compared with market indexes and have recovered their pre-crisis values."Both GIC and Temasek saw significant drops in their portfolio values during the crisis, in line with the decline in the markets, and similar to other