I don't quite know what to think about the rumors of an IPO of some of the Government of Singapore Investment Corporation's property investments.(WSJ, Reuters, and FT). All three articles give slightly varied assets that the GIC might put up for an IPO.  Whatever the excant assets are, all three agree that the IPO would probably be around $500 million to $1 billion. I think this is a lot of work  for little profit. If they need cash, why don't they go the bond route like their fellow Singaporean fund Temasek Holdings did earlier this year. 

The news about Citigroup is not surprising at all, since with the recent Harrods buy, the QIA has lost all claims that they are investing for the future. They are investing to gain worldwide prestige but rather then gaining, they are losing it. It will make any future meeting of the International Working Group of Sovereign Wealth Funds much more interesting between the Abu Dhabi Investment Authority and the QIA. ADIA is suing Citigroup over fraudulent misrepresentation by the bank's leadership