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Singapore's GIC has never had so much money to manage — or faced more problems managing it
The sovereign wealth fund is attempting one of its biggest-ever asset pivots after finding its two main pillars — China and bonds — under siege.
"Our expectation going forward is that the challenges are big and varied and there aren't a lot of historical precedents," said chief executive officer Lim Chow Kiat, a GIC veteran of 28 years, in a rare interview. "The last time we had a serious inflation problem I was just born."
