| Government of Singapore Investment Corp. and Southeast Asia’s biggest sovereign wealth funds plan to maintain a long-term investment strategy even as the global debt crisis drives volatility higher.
GIC, which manages more than $100 billion of the city- state’s reserves, said in July it almost quadrupled its cash allocation as it pared bonds and stocks, and European holdings amid the region’s debt crisis. The fund has said its objective is to beat global inflation over a 20-year investment horizon...............................................Full Article: Source
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