Singapore’s GIC set to manage extra $185b in reserves

January 13, 2022 6:42 PM

SINGAPORE (BLOOMBERG) – Singapore’s sovereign wealth fund GIC is poised to get a massive influx of new funds to manage after the city-state changed the way the central bank transfers excess foreign currency reserves to the firm.

Source : https://www.straitstimes.com/business/economy/singapores-gic-set-to-manage-extra-185b-in-reserves