<TABLE id=msgUN border=0 cellSpacing=3 cellPadding=0 width="100%"><TBODY><TR><TD id=msgUNsubj vAlign=top>
Coffeeshop Chit Chat - Nick Leeson Vs Temasek</TD><TD id=msgunetc noWrap align=right>
Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>LauZoeTay <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>Jul-29 10:29 am </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 8) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>17884.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>http://en.wikipedia.org/wiki/Nick_Leeson
Nicholas "Nick" Leeson (born 25 February 1967) is a former derivatives broker with no formal training as a dealer whose unsupervised and unauthorized speculative trading on Singapore's Singapore International Monetary Exchange (SIMEX) caused the spectacular collapse of Barings Bank,
Nick Leeson, lost 0„5827 million ($1.3 billion) speculating¡ªprimarily on futures contracts.
http://sg.news.yahoo.com/rtrs/20090729/tap-temasek-c3bb44c.html
"In our Temasek Review last year, we reported an annual value-at-risk of almost S$40 billion last March. This meant a 16 percent probability for our portfolio value to drop more than S$40 billion by March this year. Indeed, it has turned out to be so, and more," CEO Ho Ching said in a speech.
Temasek had S$185 billion in assets as of end-March 2008, which fell to S$127 billion as of November 2008. Ho did not give the exact portfolio level.
</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
Nicholas "Nick" Leeson (born 25 February 1967) is a former derivatives broker with no formal training as a dealer whose unsupervised and unauthorized speculative trading on Singapore's Singapore International Monetary Exchange (SIMEX) caused the spectacular collapse of Barings Bank,
Nick Leeson, lost 0„5827 million ($1.3 billion) speculating¡ªprimarily on futures contracts.
http://sg.news.yahoo.com/rtrs/20090729/tap-temasek-c3bb44c.html
"In our Temasek Review last year, we reported an annual value-at-risk of almost S$40 billion last March. This meant a 16 percent probability for our portfolio value to drop more than S$40 billion by March this year. Indeed, it has turned out to be so, and more," CEO Ho Ching said in a speech.
Temasek had S$185 billion in assets as of end-March 2008, which fell to S$127 billion as of November 2008. Ho did not give the exact portfolio level.
</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
