The Government of Singapore Investment Corporation (GIC) is a government-owned company assigned to manage Singapore’s sovereign wealth fund. The fund is now officially named: GIC Private Limited. The GIC was formed in 1981 with the aim to invest the sovereign wealth fund more aggressively in higher yielding asset classes and over a longer investment horizon. According to the Sovereign Wealth Fund Institute, the GICS controls the eighth largest sovereign wealth fund in the world, with $390 billion in assets under management as of mid-2018.[cite]
Click to rate this post!
[Total: 0 Average: 0]