Reuters, 23 Sep 2008, Kevin Lim and Saeed Azhar
SINGAPORE, Sept 23 (Reuters) - The Government of Singapore Investment Corp (GIC), one of the world's biggest sovereign funds, said it achieved a real return of 4.5 percent over 20 years to March but saw a tougher environment ahead.
GIC said in its first ever annual performance report on Tuesday that it achieved an average annual nominal return of 7.8 percent in U.S. dollar terms in the 20-year period that ended March 2008.
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