2 town councils invested S$12m in Lehman-related structured products

[C3P0]

Originally Posted by toiletsiao

yes exactly...anyway doing some simple calculations... if 12million is 0.6% of the total funds for investment...their total(all town council) funds available for investment it 2BILLION!!!!!! looking at how the market is heading this few mths...i wouldnt be surprised this 2billion worth becomes 1billion...sad...really..and u wander why u need to pay for your lift upgrading...

Ya man bro, I think this thing is going to cause an public uproar. By virtue of the fact that the uncles aunties not enough money to eat already, still must contribute to town council and they farking lost $12 million!

[dpointt]

2 billion? I wonder how much was allocated to Potong Pasir and Hougang... ???

[powersteer]

so much for transparency!!
why dun dare to show the entire balance sheet? how much value lost in total??

still hide behind CNA ... title say only 2 town councils kenna ... but the last paragraph say few more kenna. how to trust?

[toiletsiao]

Teo Ho Pin, Chairman, Holland-Bukit Panjang GRC Town Council ask us to be thankful that the TOWN COUNCIL IS INVESTING..

TODAYonline

[Mockngbrd]

wow....... FTL!

[Racebred]

$12m = 20 peanuts.
roughly about one small packet.

[kenntona]

Originally Posted by toiletsiao

Teo Ho Pin, Chairman, Holland-Bukit Panjang GRC Town Council ask us to be thankful that the TOWN COUNCIL IS INVESTING..

Wahahahahaha, what a brilliant investment guru.....

"...... Dr Teo said the potential $8-million loss should be viewed in the context of the $24 million in investments generated over the past six years. If the Town Council had invested all its funds in low-risk investments, it would have earned only $5 million, he said."

Dr Teo, what was the Value-At-Risk (VAR) of the portfolio over the last 6 years? Sharpe ratio?

If there are no risk-adjustment on the absolute return, then the town councils are operating the funds WORSE than a hedge fund !!!

[toiletsiao]

Originally Posted by Mockngbrd

wow....... FTL!

unbelievable huh... lol

Even if they have income from all this investments..its not like they will reduce their conservancy charges...

more so even if their investments made a profit..i am quite certain they nv REALISE their profits...and might now sitting on paperlosses given the current market conditions...

[toiletsiao]

Originally Posted by kenntona

Wahahahahaha, what a brilliant investment guru.....

"...... Dr Teo said the potential $8-million loss should be viewed in the context of the $24 million in investments generated over the past six years. If the Town Council had invested all its funds in low-risk investments, it would have earned only $5 million, he said."

Dr Teo, what was the Value-At-Risk (VAR) of the portfolio over the last 6 years? Sharpe ratio?

If there are no risk-adjustment on the absolute return, then the town councils are operating the funds WORSE than a hedge fund !!!

They should send someone to attend V3GO...

[kenntona]

Originally Posted by toiletsiao

They should send someone to attend V3GO...

They should. The way they talked, might as well do day-trades with the funds.

Anyhow, we gotta be thankful of these wise guys.

In fact we have to be thankful of everything thrown at us.

It reminds me of my prayers.......... they are playing God.....