| GIC has reported a 20-year annualised real return of four per cent last year, compared to 3.9 per cent in the previous year. These are returns on the foreign reserves of the Singapore government.
Investment analytics firm HedgeSpa estimates that the GIC policy portfolio returned 14 per cent in the fiscal year ended March 2013 -- that is on par with the 13.4 per cent return made by Norway's Government Pension Fund, the world's largest sovereign wealth fund. Starting from April 2013, GIC has also implemented a new investment framework to manage its portfolio...............................................Full Article: Source
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