Singapore’s sovereign wealth fund GIC plans to commit an additional $30bn to hedge funds over the next three years, with global macro, quantitative and multi-strategy managers among the areas expected to benefit, according to a report by Reuters.
The planned expansion comes as the long-term performance of the investment giant’s portfolio weakened, with GIC reporting its lowest annualised 20-year real rate of return since 2020.
Group chief investment officer Bryan Yeo said the hedge fund allocati...
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