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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

GIC in good shape, says Tony Tan

Posted on 01 February 2010

From Asiaone.com: With global markets improving in recent months, the move by the Government of Singapore Investment Corporation (GIC) to cut its equity holdings before the 2008 crash and begin buying up stocks early last year is paying off.

‘We did an assessment in 2007 when markets were over-exuberant. We de-risked the portfolio, selling part of our equities,’ Dr Tony Tan, deputy chairman of Singapore’s sovereign wealth fund, said yesterday………………………………….Full Article: Source

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