Bookmark this on Delicious
Dec/09
22
Law Academy racks up $5m in investment losses
0 Comments | Posted by elgintan in Equities, Trading Losses
| THE financial crunch has hurt the Singapore Academy of Law as well, causing the group to lose $5.2 million from investments from April last year to March this year.The academy – whose group activities include publications and mediation services, among other things – lost close to $6.3 million when it sold off its bonds and equities. |
There was another $690,000 attributed to paper losses, as the value of its investments shrank in size.
K.C. Vijayan, Dec 22 2009, The Straits Times
