OECD
Temasek
Submitted by loner on 4 June, 2009 - 7:22pmFew fund managers have been spared the ignominy of writing occasionally apologetic letters to investors. Temasek, Singapore’s investment agency, has an enviable track record and, with the government its sole shareholder, has rarely had to face tough public questioning. Not any more.
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What did I say then?
Evolution of Portfolio Insurance (4 years 34 weeks ago):
Leland had come to realize that the local arbitrage argument used by Black and Scholes t...
