GIC's Tan highlights increased global risks

Nov 15, 2009

But sovereign wealth funds can help rebuild economies, assuming capital markets remain open, says Tony Tan of the Government of Singapore Investment Corporation.

Economic, political, and market risks will be higher in the coming decade than in the 20 years before the recent crisis, says Tony Tan, deputy chairman of Government Investment Corporation (GIC), Singapore's biggest sovereign wealth fund. As a result, he feels SWFs have an important role to play as suppliers of capital and expertise, something that has also been noted by others.

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