In the last post, we demonstrated clearly that the while GIC and Temasek manage an impressive amount of financial assets, given the amount of borrowing and government surpluses the amounts under management are a lot less impressive. Singaporean data indicates that operational surpluses and public borrowing from 1974 to 2011 totaled between $645-701 billion SGD. Consequently, trumpeting that you now manage $705 billion SGD doesn’t seem like much of an accomplishment. So how much should GIC and Temasek manage given their stated rates of return of 7% USD and 17% SGD respectively? Full story
OPINION: How Big Should Singapore, Inc. Be?
In the last post, we demonstrated clearly that the while GIC and Temasek manage an impressive amount of financial assets, given the amount of borrowing and government surpluses the amounts under management are a lot less impressive. Singaporean data indicates that operational surpluses and public borrowing from 1974 to 2011 totaled between $645-701 billion SGD. Consequently, trumpeting that you now manage $705 billion SGD doesn’t seem like much of an accomplishment. So how much should GIC and Temasek manage given their stated rates of return of 7% USD and 17% SGD respectively? Full story
