| The annual review of Singapore’s sovereign wealth fund, the GIC’s portfolio management review provided an insight into how the $100bn fund has structured its portfolio since inception in 1981. The report found that the GIC Portfolio's 20-year annualised real rate of return for the year ended 31 March 2013 was 4.0%, as compared with 3.9% the previous year. 2012 saw the GIC undertake a review of how it managed money.
The report says: "The aim was to position the GIC Portfolio in anticipation of a more challenging and complex investment environment, so that GIC could continue earning good long-term real returns. The review built on GIC’s strengths, applied lessons learnt, and considered changes to both investment strategies and governance."..............................................Full Article: Source
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