Tue, Jul 29, 2014
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. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass