GIC outlines revised investment approach

The Government of Singapore Investment Corporation (GIC) has adopted a more flexible and streamlined method of portfolio management, after only the second overhaul of its investment approach since the fund's inception in 1981. The sovereign wealth fund, with an estimated $200 billion-plus in assets, implemented the new approach in April and set out in detail last week for the first time how it will work. It is based on three pillars: a reference portfolio comprising 65% global e…