Cashed-up GIC looks to take calculated risks
The Singapore sovereign fund has raised its cash allocation and will try to capitalise on opportunities in challenged markets. It outlines its approach to selecting external managers.
Singapore sovereign fund GIC has raised its cash holdings over the past year and says it will look to take calculated investment risks in what it sees as a challenging medium-term environment.
This could mean increased allocation to alternatives, including private equity and real estate, which has been a growing focus for the Government Investment Corporation, investment manager for the city-state’s foreign reserves.
In the year to March 31, GIC increased its cash allocation to …
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