GIC

SINGAPORE (Feb 21): The net investment returns contri­bution (NIRC) is expected to be the single largest contributor to Sin­gapore’s coffers this year under Budget 2020.

(Dec 18): American Express Global Business Travel said Carlyle Group and several big name investors are buying a stake in the corporate travel company.

SINGAPORE (Nov 11): “The system of making capitalism work well for most people is broken.” — Ray Dalio, founder of hedge fund Bridgewater Associates

 

SINGAPORE (Oct 18): Singapore sovereign wealth fund GIC announced Friday it has acquired PB6, a Grade A office tower in Paris.

(Sept 20): The head of one of the world’s largest sovereign wealth funds wants to get one thing straight – markets are becoming increasingly dire and investors face a very uncertain future.

SINGAPORE (Aug 19): Sovereign wealth fund GIC announced Monday it is acquiring a 25.1% stake in Lendlease International Towers Sydney Trust (LLITST) from Canada Pension Plan Investment Board and Australia-listed Lendlease Group.

(July 22): Buyout firm CVC Capital Partners and Singapore’s sovereign wealth fund GIC are among firms considering bids for a stake in the US$6.4 billion ($8.7 billion) European settlements giant Euroclear, according to people familiar with the matter.

SINGAPORE (July 5): The pressure is on for Singapore’s sovereign wealth fund GIC.

SINGAPORE (July 8): Singapore’s sovereign wealth fund GIC is treading carefully as the investment outlook turns more challenging. This comes as high valuations, slowing global growth and significant uncertainties could potentially lead to lower returns