31st August, 2023
Tomorrow, September 1, Singapore will elect a new president with custodial powers to safeguard the nation’s trillion-dollar financial reserves and oversee key appointments to institutions like MAS, GIC and Temasek.
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26th July, 2023
GIC issued its annual report on Wednesday, and it had plenty of information – except for, of course, its one-year single return, and its assets under management (AuM), which continues to argue would be against Singapore’s national interest. However, Global SWF maintains a dynamic and proprietary model that singles out the returns and considers the inflows and outflows to determine its AuM annually.
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11th July, 2023
On Tuesday afternoon, Temasek announced its FY23 results, and it was not pretty. For the year ended March 31, 2023, the Singaporean investor booked a -5.1% SGD return (or -3.4% in USD) and a -5.2% loss in portfolio value, from SGD 401 billion (USD 298 billion) to SGD 382 billion (USD 288 billion).
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