| The words in the title of this article are an exact quote from Lim Chow Kiat, the deputy group president and group chief investment officer of GIC, one of Singapore’s sovereign wealth funds.
GIC manages over S$460 billion worth of assets that are located around the globe and is estimated to be the world’s eighth largest sovereign wealth fund. Lim’s statement came in late July after the fund reported a dip in its 20-year annualised real rate of return from 4.9% in fiscal 2015 (fiscal year ended 31 March 2015) to just 4% in fiscal 2016.............................................Full Article: Source
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