Search results
19 hours ago · BOTH sovereign wealth fund GIC and state investor Temasek Holdings are key contributors to Singapore’s net investment returns, which is why their results are so closely scrutinised every year. GIC’s numbers, which were released on Wednesday (Jul 24), show that its annualised real rate of return for the 20 years ended Mar 31, 2024, came in at 3.9 per cent.
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.
Temasek is an investment holding company incorporated in 1974 in the early years of Singapore‘s independence to own and manage its assets and investments on a commercial basis. Temasek is wholly owned by the Singapore Minister for Finance 1. GIC is also wholly owned by the Singapore Minister for Finance 1.
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.
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.
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.
Jan 13, 2021 · SINGAPORE - Singapore sovereign wealth fund GIC emerged as the most active state-owned investor globally last year amid the coronavirus pandemic, while Temasek Holdings was the top tech...
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...
Jul 2, 2024 · GIC scored 64 per cent in this year’s assessment, an improvement of four percentage points from the year before, though its rank was not stated in the report.
Mar 4, 2021 · GIC and Temasek accounted for nearly two-thirds of the 165 transactions executed by sovereign wealth funds between July 2019 and September 2020 (see graph below), up from 53% of the 257 deals done the year before. Temasek was way out in front with 36.4%, and the Singapore institutions' closest rival was Mubadala with a 10.3% share.
