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Sovereign Wealth Funds Briefing - Categorized | Investment, Reserve Currencies

Singapore to explore bolder investments of reserves

Posted on 12 May 2011

The Government of Singapore Investment Corporation (GIC) will explore bolder ways of investing the country’s foreign reserves, its chairman Lee Kuan Yew said in remarks published yesterday. The 87-year-old former prime minister said the GIC, known in the market for conservative investments, cannot keep following conventional practices as it grows.
“This could lead to mediocrity. GIC must develop the capacity and courage to make the right decisions, thinking in depth and foresight for what works best for us, even if the decisions are at times unconventional,” he said……………………………………….Full Article: Source

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