Singapore sovereign wealth fund GIC has redeemed around $250m from Jain Global, less than two years after backing one of the hedge fund industry’s largest-ever launches, according to a report by The Business Time citing sources familiar with the matter.
GIC was among the earliest investors in the New York-based multi-strategy firm and is expected to take up to two years to fully exit its remaining exposure. The redemption comes as the wealth fund undergoes internal leadership changes within its...
Continue Reading
Sign up for FREE to read the full article and access 129K+ alternative investment headlines.
