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Jul 15, 2016 · These two investment companies manage Singapore’s reserves, accumulated from years of surpluses, and are our sovereign wealth funds (SWFs). Both ranked inside the top 10 SWFs in the world, the estimated combined holdings of these two companies top out at over $730 billion.
- Creating a Portfolio Like Temasek Holdings
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- Why Brexit Doesn't Really Matter (For Your Investments)
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- Creating a Portfolio Like Temasek Holdings
What is the difference between GIC and the other two entities that invest Singapore’s reserves? The Government regularly monitors and reviews the overall long-term performance of and risk profile for the nation’s reserves, managed by GIC, MAS (the central bank), and Temasek Holdings, at various points in a market cycle.
Are Temasek and the Government of Singapore Investment Corp (GIC) the same organisation? Is the Singapore Government or the President involved in Temasek’s business decisions? How is the President involved in the protection of Temasek’s past reserves? Is an investment loss considered a draw on past reserves?
- GIC and Temasek
- Government of Singapore Investment Corporation
- GIC Investments and Performance
- GIC Policy Decisions
- Makes $1.6 Billion from The Sale of Its Citigroup Stock
- Faces Losses of $7.4 Billion as UBS Stocks Plummet
- Temasek
- Temasek’s Investments
- Ho Ching, Head of Temasek
- Temasek's Ho Ching, Likes to Take Risks
Singapore has two sovereign wealth fund with billion of dollars of assets: 1) Government of Singapore Investment Corporation (GIC), with around $247.5 billion, founded in 1981; and 2) Temasek Holdings, with assets of $157.5 billion, founded in 1974. [Source: Wikipedia +] A sovereign wealth fund (SWF) is a state-owned investment fund composed of fin...
Government of Singapore Investment Corporation (GIC) founded in 1981 to manage Singapore’s growing foreign reserves. The second largest sovereign wealth in the world after the one in Abu Dhabi, it was incorporated under the Singapore Companies Act and is wholly owned by the Government of Singapore. It has offices in 9 cities worldwide and are headq...
Traditionally, GIC has kept a low profile in its investments, for a long time saying only it managed assets of “more than $100 billion. During the subprime mortgage crisis of 2007-2010, however, a number of its investments attracted controversy. In 2006, at the height of the US real estate bubble, it made a US$200 million investment in the equity o...
According to the GIC website: “Our Board of Directors decides on a policy portfolio which specifies the allocation of funds to eligible asset classes. The policy portfolio is based on our client's time horizon of 20 years and risk tolerance. It is kept under review but is not changed frequently. Our investment professionals are responsible for impl...
In September 2009, GIC made a $1.6 billion profit after selling half of the 9 percent stake in Citigroup it acquired during US-government led refinancing of the troubled bank. Kevin Brown of the Financial Times wrote: “The Government of Singapore Investment Corporation said that the sale followed the conversion of its $6.8 billion of convertible pr...
In 2007, GIC had a $9.2 billion stake in the Swiss bank UBS. In 2011 when UBS stock plummeted in part because of financial scandals and unwise investment, GIC faces losses of $7.4 billion if it sold the stock was when it bottomed out. Netty Ismail wrote of Bloomberg wrote: GIC faces a 6.7 billion Swiss franc ($7.4 billion) loss as the biggest inves...
Temasek Holding Company is Singapore’s domestic investment arm. Founded in 1974, it was initially focused at home and still owns stakes in nearly all of Singapore’s largest companies, including Singapore Airlines, the Development Bank of Singapore, Singapore Telecommunications, the power industry, the port, the shipyard. It remains biggest sharehol...
Temasek's financial year ends in March and reports are usually made in July–August.To satisfy legal requirements in issuing bonds to raise money from the public, Temasek reported its accounts to the public for the first time in its 30-year history on 12 October 2004. Net profit was S$7.4 billion US$4.4 billion) on revenues of S$56.5 billion for the...
Ho Ching, the former head of Temasek and the wife of current prime minister Lee Hsien Loong was voted by Forbes as the world’s third most powerful woman. According to to Forbes: Ho has since played a key role in raising its Temasek’s profile as well as its portfolio, which has grown by more than $100 billion under her watch. [Source: Forbes] Jim Ro...
Sara Webb wrote in the New York Times, “One of the colleagues of Ho Ching once said it was her willingness to take risks, not her family ties, that won the wife of the prime minister her top job at Temasek Holdings with a mandate to shake up Singapore's state investor. That penchant for risk-taking came to the fore this week with Temasek's unexpect...
Aug 17, 2023 · Singapore Reserves Revealed - Inside GIC And Temasek. 17 Aug 2023 08:02am. Meet the people responsible for generating billions of dollars for Singapore’s reserves. Just who are they? How do...
- 17 min
Singapore’s GIC Pte Ltd, Temasek Holdings and Central Provident Fund (CPF) are the only ones from Southeast Asia in a ranking of the world’s top ten sovereign wealth funds and pension funds compiled by an independent think tank for central banking, economic policy and public investment.
Jan 3, 2024 · After five consecutive years of leading investment by state-owned funds globally, Singapore’s GIC and Temasek Holdings both cut their commitments by more than half last year, with the pair combining to deploy $26.2 billion of fresh capital last year.
