Bernama.com, 23 Sep 2008, Zakaria Abdul Wahab
SINGAPORE, Sept 23 (Bernama) -- The trade secrets of Singapore government's huge sovereign wealth fund and foreign investment arm are out.
The workings of the fund, the Government of Singapore Investment Corporation or better known as GIC, was made public by its Deputy Chairman and Executive Director Dr Tony Tan when he presented the first "Report on the Management of the Governments Portfolio for the Year 2007/08" here today.
The release of the 48-page report is a significant milestone in GICs 27-year history as it described how GIC is managed, how it invests its funds and develops its people and how its portfolio has performed globally since it was set up in 1981.
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