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How GIC and Temasek are different?
GIC is a fairly conservative investor, with a globally diversified portfolio spread across various asset classes. Temasek is exposed to significantly higher risk than GIC and MAS but has also delivered higher returns over time as expected. In contrast, MAS will have more stable but lower returns over time.
What are the four objectives of the Santiago Principles?
The Santiago Principles promote transparency, good governance, accountability and prudent investment practices whilst encouraging a more open dialogue and deeper understanding of SWF activities.
Where are most sovereign wealth funds domiciled?
The vast majority of sovereign wealth funds are domiciled either in oil exporting countries or East Asia.
Is Temasek audited?
The AC is supported by Internal Audit (IA). To ensure its independence, IA reports functionally to the AC and administratively to the office of the CEO of Temasek Holdings.
What is Santiago consensus?
The “Santiago Consensus” includes education, the environment, R&D investment, efficient taxes and infrastructure. If Latin America is to secure its place in the global supply chain, it must invest in upgrading its infrastructure.
Is Temasek regulated?
Is Temasek a statutory board or a government agency? Temasek is a Singapore incorporated company, and operates under the provisions of the Singapore Companies Act. Temasek is neither a statutory board nor a government agency.
Which sovereign wealth funds does Singapore own?
In addition to GIC, the Government of Singapore owns another sovereign wealth fund, Temasek Holdings, which manages about SGD$308 billion of assets.
What is the difference between GIC and Temasek Pte Ltd?
GIC is a sovereign wealth fund, with a mandate to preserve the purchasing power of SGD, hence their investments are limited to non-local companies Temasek is an asset manager, with its roots traced back to GLC period where Temasek finance and manage companies such as SingTel, SIA, and Wildlife Reserves
How does Temasek meet the needs of the Singapore government?
Temasek meets the second need by having a mandate that requires it to invest in a combination of local companies that provide a balance between yield and capital gain in SGD. The MAS meets the third need by taking and managing the Government’s deposits.
Is GIC the world’s most sophisticated sovereign wealth fund?
Thirty-seven years later, sitting in its offices on the 37th floor of Singapore’s Capital Tower, it is fair to say the Government of Singapore Investment Corporation (GIC) has moved up in the world. It is considered one of the most sophisticated and influential sovereign wealth funds globally.