Although mainly a direct investor, the investment arm of the city state’s Economic Development Board sources great deals and know-how through fund allocations.
Investment management firms are drawn by the Cayman-like structure with the added benefit of Singapore's governance and reputation.
Global assets under management in 2021 only grew 12% year-on-year in comparison. Alternative assets were a key driver of growth with a 30% increase, while ESG-overlaid assets grew 77%.
The sovereign wealth fund adopts an arsenal of analytics and tools to tackle ESG, while UBS believes non-ESG products should no longer be presented to clients: panellists.
These trade-offs will reduce over time and GIC believes that sustainable companies offer better risk-adjusted returns in the long term.
Stewardship and other sustainability principles have become key criteria in manager selection now, the chief investment officers at NTUC Income and Singlife said.
The central bank will invest with global private credit fund managers, marking the extension of the Private Markets Programme (PMP) to the asset class for the first time.
If the SFC clamps down on financial institutions, employees will not have a choice but to return, but it won’t help matters for the brain drain afflicting the industry.
The head of Indonesia’s sovereign wealth fund has said Hong Kong will be back post-Covid, and the city offers a huge opportunity for Southeast Asia.
Managing director Ravi Menon also reiterated its stance on cryptocurrencies’ speculative nature and their risks to retail investors.
Investors, though cautious, are sitting on record amounts of dry powder and will remain on the lookout for bargains in mature markets including Japan and Singapore.
Singapore's Temasek and the Abu Dhabi Investment Authority participates in China-based biotech firm funding round; NGS Super has divested from oil and gas exploration and production companies as it works towards a carbon-neutral portfolio by 2030; head of strategy and innovation will be promoted as the chief investment officer of Korea Investment Corporation; and more.