Serious If GIC, Temasek and MAS were competant, we could have played the LONG game and won BIG.

[SalahParking]

Norway Started their fund only in 1990, look where they are now. They just changed the mandate to include private equity. 30 years after inception. It just makes GIC, look even more stupid.
https://www.ipe.com/norways-sovereign-fund-seeks-to-allocate-63bn-to-private-equity/10032993.article

 

[syed putra]

Norway Started their fund only in 1990, look where they are now. They just changed the mandate to include private equity. 30 years after inception. It just makes GIC, look even more stupid.
https://www.ipe.com/norways-sovereign-fund-seeks-to-allocate-63bn-to-private-equity/10032993.article

Norweguan fund is bolstered everyday from the sale of their oil and gas which is dumped into their sovereign fund. Nothing from oil and gas goes to the gahmen except in the form of taxes.

 

[LaoTze]

GIC, Temasick and MAS are full of scholars who know squats about investing. That those three entities make some money is because they have outsourced some of their investing to hedge funds.

Sinkees would have done well if all our CPF savings are put into the SPY and we get to keep every cent of the returns. 8 percent return annualized over the last 30 years. Many sinkees are poor in retirement because of the PAP sucking up most of the returns. The Government guarantee is worth nothing, therefore not worth the 5 percent return that you have given up for.

https://www.sammyboy.com/threads/si...er-ask-‘what-is-talent-’.277819/#post-3017829

 

[TerrexLee]

we aren't playing the long game, but we are playing the loong game.....is that all right TS?

 

[SalahParking]

Norweguan fund is bolstered everyday from the sale of their oil and gas which is dumped into their sovereign fund. Nothing from oil and gas goes to the gahmen except in the form of taxes.

Thats right. 2 ways to compare 2 funds. 1 is AUM, assets under management which is easy for Norway. 2 is the performance which should be easy for GIC because we have the experience and Scholars. BUT GIC also loose in performance over 10,20, 30 years. Something is fundamentally wrong.

 

[SalahParking]

we aren't playing the long game, but we are playing the loong game.....is that all right TS?

You have to ask him.

 

[Papsmearer]

Thats right. 2 ways to compare 2 funds. 1 is AUM, assets under management which is easy for Norway. 2 is the performance which should be easy for GIC because we have the experience and Scholars. BUT GIC also loose in performance over 10,20, 30 years. Something is fundamentally wrong.

Many things are fundamentally wrong. The Stomachsick MER is out of this world. Look at their new building, various overseas offices, their bloated and high salary staff and the secret pay for their CEO, their overheads and costs must be sky high. Combined with no accountability. If I recall, the Norwegian sovereign wealth fund just buys the top 5000 companies in the world regardless of where they are located on a weighted basis. As long as they meet criterias like not a weapons builder, or tobacco, etc. They don't need two floors of analyst as they are basically buying the index fund on a global scale. Also low overhead because its a no brainer, in terms not not turning over the stocks and not engaging researchers to go to the company and crawl up and down in it. The CEO of the Norwegian wealth fund has to go to PArliament every year and do an accounting and explanation of his fund's performance, not like Stomachsick where everything is shrouded in secrecy. And in worse case scenario, Norway and can make up any losses by pumping more oil. Singapore cannot do the same. Any losses is gone away permanently.

 

[SalahParking]

MAS outsource to GIC, GIC outsource to Ang Mo Fund Manager. Manager outsource to Fund of Funds.... Hahaha., no wonder CPF only give 2.5% only