GIC reports 20 year real rate of return (its reporting metric) of 4.6%, compared to 4.2% a year ago. For comparison, Temasek posted a $7B annual loss a couple weeks ago 🤔🤔🤔
GIC reports 20 year real rate of return (its reporting metric) of 4.6%, compared to 4.2% a year ago. For comparison, Temasek posted a $7B annual loss a couple weeks ago 🤔🤔🤔
Considering how Temasek has kept their stake in the horribly-underperforming Standard Chartered Bank for a decade, it’s more like “buy high and refuse to sell”.