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Singapore’s GIC will be cautious, take few risks

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Reuters reports, “The chairman of the Government of Singapore Investment Corp (GIC), the city-state’s biggest sovereign wealth fund, said on Monday the fund will be cautious and take few risks. His comments came after the country’s other sovereign fund Temasek saw big losses on its investments in Western banks.

‘GIC will be cautious, low risk,’ said Lee Kuan Yew in a discussion at an aviation meeting in Malaysia.

Temasek’s new American chief Chip Goodyear would, however, “seize opportunities”, said Lee, Singapore’s former prime minister and the father of current prime minister Lee Hsien Loong. “

read more: Reuters

Mauritius Aims to Sell Citizenship and Passports to Bolster National Wealth Fund

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The island country of Mauritius plans to offer foreigners a chance to obtain country citizenship in exchange for a non-refundable contribution of US$ 1 million to the national sovereign wealth fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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CapitaLand Aims to be a Real Estate Funding Machine

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CapitaLand Investment Management, a real estate investment management arm of Singapore-based CapitaLand, hired Caleb Shen as managing director for fund management. CapitaLand is keen on growing its real estate fund management business. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Treasurer Perrottet Reveals the NSW Generations Fund

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New South Wales wants its own Future Fund.

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