Archive for the ‘Economy’ Category
GIC and Temasek’s annualised returns revised?
In the media today, GIC has confirmed that its 20 year annualized rate of return was only 3.9% and Temasek’s was 15%. Who is spreading the misinformation that their returns were 17% annualized? How did people got such a fantastic figure that no fund managers would dare to claim? 17% annualized! Unbelievable, incredible, insanity! Oh,...
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