Singapore fund is $1.5B bidder for Paulson hotel group

August 22nd, 2012
Author: Online Press

Aug 20 (Reuters) – The Government of Singapore Investment Corp has bid $1.5 billion for a group of bankrupt hotels owned by hedge fund Paulson & Co, including the Arizona Biltmore Resort & Spa in Phoenix and La Quinta Resort & Club in La Quinta, California….

This seems to be the strategy of our SWF, throwing good money after bad money for high risk and