21 Sep '11, 8am

The rogue trader and his impact on GIC

Steven is very pro establishments. Notwithstanding quite a few points which are factual, performance in long run for GiC ( and yes Elites performance ) in returns very commendable. But that does not mean questions should not be asked and accountability made. Only through questioning of performance and returns can there be improvement. It should be in this spirit that one should question. Hence the responses from the others, albeit personal ones. Value investing and crisis investments are known to generate superior returns, but in all value investments there is always the concern of paradigm shift wherein age old concepts no longer holds. However though one may question the accountability and perhaps the GIC may want to make known it’s assessments (without compromising competitiveness which is real) on the issue after hand with perfect knowledge, it is a known management pr...

Full article: http://theonlinecitizen.com/2011/09/the-rogue-trader-and-...

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