Tue, Dec 6, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Singapore’s GIC focuses on long term and skill-based strategies

Tuesday, August 13, 2013

Beverly Chandler, Opalesque London:

The annual review of Singapore’s sovereign wealth fund, the GIC’s portfolio management review provided an insight into how the $100bn fund has structured its portfolio since inception in 1981.

The report found that the GIC Portfolio's 20-year annualised real rate of return for the year ended 31 March 2013 was 4.0%, as compared with 3.9% the previous year. 2012 saw the GIC undertake a review of how it managed money. The report says: "The aim was to position the GIC Portfolio in anticipation of a more challenging and complex investment environment, so that GIC could continue earning good long-term real returns. The review built on GIC’s strengths, applied lessons learnt, and considered changes to both investment strategies and governance."

Since inception, the portfolio of the GIC has gone from being conservative and liquid to an approach more in line with endowment funds. This happened during the 2000s and saw the GIC take up alternatives with greater enthusiasm. The early 2000s saw the GIC and the Ministry of Finance embark on a major review of GIC’s investment objectives and asset allocation policy with the outcome that the Ministry decided that it could accept higher risk and illiquidity in the portfolio. The report says: "The result was a Policy Portfolio with a large......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  3. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  4. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released

  5. Institutions - Texas County & District culls 5 hedge funds, reallocates to existing managers, Kentucky board gives final approval to halve hedge fund portfolio, $38bn Finnish fund moves assets to U.S. as Europe flounders, South Korea’s National Pension Fund holds 5% stake in 62 listed companies[more]

    Texas County & District culls 5 hedge funds, reallocates to existing managers Texas County & District Retirement System, Austin, continues to reduce the number of hedge funds, but not the size of its $6.2 billion hedge fund portfolio. It will redeem a total of $760 million from five hedg