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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Research

Lift GIC’s cloud of opacity

Posted on 29 September 2010

From Todayonline.com: The Government of Singapore Investment Corporation’s (GIC) disclosure policy is akin to that of an Indian dancer at a nightclub who swivels and shakes her body a lot, and smiles a lot but reveals little. So it was not much of a surprise that little came out of Monday’s briefing by our largest sovereign wealth fund.
Yes, we were told that as at end-March this year, the 20-year nominal average rate of return annually was 7.1 per cent in US-dollar terms, and the real rate of return, above global inflation, was 3.8 per cent during the same period……………………………………….Full Article: Source

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