Singapore's GIC flags market risks; inflation here to stay

"Inflation itself is already a problem because we want to generate a return higher than inflation," Lim Chow Kiat, GIC's chief executive, told Reuters in an interview at the fund's 37th-floor office overlooking the financial district.(Singapore's iconic Merlion with the financial district in the background)

SINGAPORE: Singapore sovereign wealth fund GIC, one of the world's biggest investors, is bracing for muted investment returns and expects little respite from runaway inflation that has forced central banks around the world to tighten policy.

"Inflation itself is already a problem because we want to generate a return higher than inflation," Lim Chow Kiat, GIC's chief executive, told Reuters in an interview at the fund's 37th-floor office overlooking the financial district.