Singapore’s sovereign wealth fund GIC plans to commit an additional $30bn to hedge funds over the next three years, with global macro, quantitative and multi-strategy managers among the areas expected to benefit, according to a report by Reuters.
The planned expansion comes as the long-term performance of the investment giant’s portfolio weakened, with GIC reporting its lowest annualised 20-year real rate of return since 2020.
Group chief investment officer Bryan Yeo said the hedge fund allocati...
Continue Reading
Sign up for FREE to read the full article and access 150K+ alternative investment headlines.
Alternative Investment News