Asset Owner Directory

Government of Singapore Investment Corporation (GIC)

Established in 1981 to manage Singapore’s foreign reserves, the Government of Singapore Investment Corporation (GIC) is a global long-term investor. GIC work to secure Singapore’s financial future by investing across a range of asset classes in the public and private markets.

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Country

Singapore

AUM ($B, AS AT DATE OF ASSET ALLOCATION)

$880

Performance (%, 1YR)

3.9

Chief Executive

Lim Chow Kiat

Chief Investment Officer

Dr Jeffrey Jaensubhakij

Chair

Lee Hsien Loong

Asset allocation

13% Developed Market Equities

17% Emerging Market Equities

32% Nominal Bonds and Cash

7% Inflation-Linked Bonds

13% Real Estate

18% Private Equity

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GIC, Temasek eye trillions of growth in climate adaptation market

Singapore’s two largest asset owners, GIC and Temasek, see attractive opportunities in climate adaptation solutions – a relatively underfunded area compared to decarbonisation. The former has already made selective adaptation investments and said the opportunity set across public and private debt and equity could increase to $9 trillion by 2050.
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