[Scythian]

https://www.youtube.com/watch?v=88FQkrhp91I

[Scythian]

"Singapore Sovereign Wealth Fund GIC Posts Worst 5-Year Return Since 2016

Singapore's GIC Pte reported its worst five-year returns since 2016. 

The sovereign wealth fund cites the slowing global economy as it warned the consequences of rising interest rates are yet to fully play out. David Ramli reports on Bloomberg

 Television. (Source: Bloomberg)"
https://www.bloomberg.com/news/videos/20...%20Service

[Blasterlord2]

I'm more interested in how much bonus GIC staff are getting this year.

[Scythian]

I'm more interested in how much bonus GIC staff are getting this year.

GIC emphasized  their 20 year returns over their 5 years loss to make them look better than cow dung

[talky]

no wonder lsl said cant delay anymore  increase gst to 9%
all know gic n temasick lose money but no to that amt!

[Scythian]

no wonder lsl said cant delay anymore  increase gst to 9%
all know gic n temasick lose money but no to that amt!

Even MAS also reported $30 billions loss

How?
Only God knows

[PerceivedToBe]

waited till after Presidential election was over then announced bad news....?

[watchfirst9]

Even MAS also reported $30 billions loss

How?
Only God knows

MAs need to maintain currency,
GIC still safer than many others

Fluctuation qtr to qtr is normal.
A major collapse, all with be affected including those you adore 

[Scythian]

MAs need to maintain currency,
GIC still safer than many others

Fluctuation qtr to qtr is normal.
A major collapse, all with be affected including those you adore 

Singaporeans believe these people have the highest IQ and are the smartest in the world.

Think again!

[Scythian]

MAs need to maintain currency,
GIC still safer than many others

Fluctuation qtr to qtr is normal.
A major collapse, all with be affected including those you adore 

Before reporting $30 billion losses, MAS, central bank has been transferring excess foreign reserves to GIC several times.

Whether MAS was helping GIC to invest or to shore up losses, no one knows.

It doesn't make sense..

[Scythian]

.
How can both GIC and Temasek reported losses at the same time?

Over the years, they ve given Singaporeans the impression that they were investing in different classes of risk assets .

In addition, they were constantly shifting portfolios between cash, bonds, equities and properties so, how can both ended up losses together?

Questionable..

[Scythian]

GIC emphasized on 20 years ROI at 4.6% and avoiding 5 years losses until reported on TV.

GIC should tell taxpayers and CPF members what has happened in past 5 years?

[talky]

MAs need to maintain currency,
GIC still safer than many others

Fluctuation qtr to qtr is normal.
A major collapse, all with be affected including those you adore 

let the collapse come n see how the elites n rich suffer 
u can adapt from poor to rich but not from rich to poor they will be so desperate n regret how much harm they hv done

[Scythian]

let the collapse come n see how the elites n rich suffer 
u can adapt from poor to rich but not from rich to poor they will be so desperate n regret how much harm they hv done

A straight 5 years continue loosing money indicates the existing team has to be replaced.