CELEBRATE: GIC Generates Positive Return for Fiscal Year 2015
Singapore’s GIC Private Limited, one of the country’s sovereign wealth funds, released their annual report. GIC’s 20-year annualized real rate of return was 4.9%, up from last year’s 4.1% 20-year return. The sovereign investor had its best performance since 2005. However, the tone of the annual report echoes other sovereign wealth funds like Australia’s Future Fund. Many wealth funds are bracing for a world with even lower yields. Central bank policies have boosted the prices of financial assets, a tightening of monetary policy could have a devastating effect on institutional portfolios. The GIC will sure step up its direct investments in 2015 and 2016. So far, the wealth fund ranks in the top #10 of 2015 direct investments by total transaction deal size, according to the Sovereign Wealth Fund Transaction Database.
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