GIC Private Ltd, formerly known as the Government of Singapore Investment Corporation, is mandated to manage Singapore’s reserves. It is one of, if not the world’s most sophisticated investor, priding itself of hiring always the smartest people in the room, and of putting a lot of thought behind its investment strategy and decisions and the general direction of the fund. However, financial performance has traditionally lagged that of other Sovereign Investors, due to a heavy weight of fixed income in the asset allocation. AuM continues to be a mystery.