The latest annual report by Singapore’s sovereign wealth fund GIC suggests the fund witnessed a sharp dip in performance in FY2021/22, with its highly liquid portfolio hit by the global market turmoil that followed the Russian invasion of Ukraine.GIC’s 20-year real return has decreased (4.3% to 4.2%), which means that FY2021/22 real...
The latest annual report by Singapore’s sovereign wealth fund GIC suggests the fund witnessed a sharp dip in performance in FY2021/22, with its highly liquid portfolio hit by the global market turmoil that followed the Russian invasion of Ukraine.GIC’s 20-year real return has decreased (4.3% to 4.2%), which means that FY2021/22 real...