London South East, 26 Jul 2011GIC does not disclose its asset size or key investments, unlike smaller sister fund Temasek and the Monetary Authority of Singapore (MAS), which is the country's central bank.
GIC says on its website that it manages 'well over' $100 billion, but most analysts estimate the fund's assets are around $300 billion. GIC's key investments include stakes in UBS and Citigroup, which it helped rescue in the aftermath of the financial crisis.
As of 31 March 2011, the official foreign reserves managed by MAS was S$295 billion ($244.4 billion) and the size of Temasek's portfolio was S$193 billion. Full story
