The Wall Street Journal, 24 Sep 2008
"With U.S. Congressional scrutiny on sovereign wealth funds ramping up and international bureaucracies like the IMF looking for excuses to exist, GIC is heading off foreign criticism and possibly damaging restrictions on its investments in foreign markets."
"GIC's report doesn't come anywhere near the level of disclosure that sovereign wealth funds managed in democratic states like Norway provide to their citizens. GIC released annualized rolling 20-year rates of return, described its investment goal ("purely for financial return") and outlined its asset class mix and geographic exposure -- yet released no financial statements."
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Singapore's Wealth Fund Opens Up, a Bit - The Wall Street Journal, 24 Sep 08
