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Daily Archives: 2008-11-21

Leading by example

The firm (Temasek Holdings), which oversees $130 billion, said senior management has volunteered a 15 percent to 25 percent pay cut. Bloomberg

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“A small exposure”

One of the town council fund managers, Lion Global Investors, has informed us it has a small exposure to Lehman Brothers bonds. It invested $250,000 in the bonds. This amount accounts for only 0.14 per cent of the town council's total sinking funds. Simon Koh, General Manager, Tanjong Pagar Town Council

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