Singapore will measure GIC, Temasek performance against mandates, not other funds, minister says


— Reuters

SINGAPORE: Singapore's government will assess the performance of state investors GIC and Temasek against their mandates and risk profiles and will not compare them with other funds, a minister said on Monday.

"Our focus has always been on long-term performance, rather than on ‌short-term or year-to-year fluctuations," said Jeffrey Siow, a ⁠senior minister of state for finance.

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Temasek , Singapore , GIC , mandate

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