Are GIC and Temasek underperforming – or are we measuring them wrong?
Singapore's sovereign wealth funds face mounting criticism over returns that have lagged market benchmarks, but industry veterans argue the debate misses the fundamental purpose of institutional investing.

Singapore's two sovereign wealth funds are confronting a performance narrative that has become familiar to the world's largest institutional investors, with critics questioning whether GIC and Temasek's returns justify their scale and sophistication.
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