The Government Investment Corporation of Singapore marked its 30th anniversary with a one-day conference and dinner last week.
In addition to remarks from the city-state’s great and good – including Tony Tan Keng-Yam, deputy chairman of GIC; Tharman Shanmugaratnam, finance minister; Lee Hsien-Loong, prime minister; and Lee Kuan-Yew – the GIC organised three panel sessions to look at investment issues.
Tony Tan led a panel discussion on the global outlook and investment strategy that featured David Bowers, founder of Absolute Strategy Research; Jamie Dimon, chairman and CEO of JP Morgan Chase; Jim O’Neill, chairman of Goldman Sachs Asset Management; and Lawrence Au, chairman of CIC International.
GIC group CIO Ng Kok-Song moderated a second panel looking at institutional investment, post-financial crisis. His panellists were Ray Dalio, president and co-CIO at Bridgewater Associates; Jeremy Grantham, co-founder of GMO; Martin Leibowitz, managing director at Morgan Stanley; and Jesse Wang, executive vice-chairman at China Investment Corporation.
The final panel was moderated by Tek Kok-Peng, president of GIC Special Investments, and looked at emerging-market prospects. Panellists included Montek Singh Ahluwalia, deputy chairman of the government of India’s planning commission; Arminio Fraga, founder of Gavea Investimentos; John Rice, vice chairman of General Electric; and Michael Spence, professor emeritus specialising in relations between emerging and developed markets (and a proponent of industrial policy) at Stanford University.