Cutting losses is never easy because it means directors and managers have to stand up and admit they made a mistake.
Shoeshine Mon, 24 Jul 2017
A couple of months ago Singapore’s sovereign wealth fund, GIC, sold almost half its stake in Swiss bank UBS, partially ending a disastrous investment made nearly a decade ago.
Once all is said and done, GIC stands to lose about $NZ5.6 billion – a most unfortunate bet that could have been
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).
