UNLISTED investments, and the role the Government Institutions Pension Fund has to play in developing Namibia's economy through these investments, were defended fiercely at the GIPF's annual stakeholders conference.
Describing 2010 as the GIPF's "annus horribilis" or horrible year on Thursday night, fund trustee Gordon Elliott said the N$4-billion-strong new unlisted investment policy was designed to "avoid the pitfalls of the failed Development Capital Portfolio (DCP)".
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