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GIC posts highest returns since 2015 (www.straitstimes.com)

submitted 1 year ago by cyd to c/singapore

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GIC reports 20 year real rate of return (its reporting metric) of 4.6%, compared to 4.2% a year ago. For comparison, Temasek posted a $7B annual loss a couple weeks ago 🤔🤔🤔

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[–] cyd 1 points 1 year ago

Considering how Temasek has kept their stake in the horribly-underperforming Standard Chartered Bank for a decade, it's more like "buy high and refuse to sell".

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