Boosting Liquidity, GIC Braces for More Volatility
Singapore’s GIC Private Limited posted a drip in real returns as its 20-year annualized real rate of return fell to 4% from 4.9% from the previous period of fiscal year 2014-2015. GIC investment officials see modest growth prospects, more uncertainty and a higher degree of volatility in the macro economy and markets, according to their latest annual report. GIC believes the world is in a low-yield environment, thus management is running a more defensive portfolio. However, the GIC is still a major player when it comes to the world of private equity. According to data from SWFI’s Sovereign Wealth Fund Transaction Database, GIC has been in the top #10 ranking of direct wealth fund investors many years in a row. With a staff of more than 1,300 employees, the GIC remains opportunistic when it comes to making large-scale investments and co-investments.
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