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Search resuls for: "Lim Chow Kiat"


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Its group chief investment officer Jeffrey Jaensubhakij told Reuters GIC was keen to invest in Chinese companies that do business within China and do not export to the United States. "There are some 'China for China' type of investments that still make sense," he said. GIC said exposure to China was important for a diversified portfolio. GIC is the world's seventh-biggest sovereign investor with $690 billion in total assets, according to research firm Sovereign Wealth Fund Institute. The share of emerging market equities in GIC's portfolio rose to 17% by end of March from 16% a year earlier.
Persons: Jeffrey Jaensubhakij, Reuters GIC, GIC's, GIC, Lim Chow Kiat, Beijing scrambles, Ang Eng Seng, Jaensubhakij, GIC's Lim, Yantoultra Ngui, Xinghui, Xie Yu, Julie Zhu, Kane Wu, Christina Fincher Organizations: SINGAPORE, Reuters, HK, Ant Group, Temasek, Infrastructure, Sovereign Wealth Fund, Thomson Locations: China, Singapore, United States, Beijing, U.S, Asia, Japan, Xinghui Kok
GIC, Singapore's sovereign wealth fund is keen on doing more in the secondary market, where private stakes in startups and VC funds change hands. That means there's pressure on distributions, which is the cash returned to VC and startup investors. GIC has a private-equity team that specializes in the secondary market. There's been a growing number of secondary funds and exchanges that help founders, employees, and even investors and VC funds sell their startup shares. So as some VC funds look to sell in the secondary market now, GIC has more freedom to be a buyer.
As CEO of GIC, Singapore's sovereign wealth fund, he must keep the country's savings growing ahead of inflation. AI retoolingThe 2 investors were most animated when discussing the recent explosion of generative AI technology, including large language models. Chris Emanuel, head of the Technology Investment Group at GIC, Singapore's sovereign wealth fund GICThere's already a generative AI startup feeding frenzy among venture capital funds. Secondary market actionFinally, GIC is keen on doing more in the secondary market, where private stakes in startups and VC funds change hands. That means general partners, the people running VC funds, already know GIC and are more comfortable dealing with the organization, Lim explained.
SYDNEY, Oct 19 (Reuters) - Singapore sovereign wealth fund GIC, one of the world's biggest investors, said it is factoring in the potential for a global recession and was prepared to stress-test its portfolio if need be. Register now for FREE unlimited access to Reuters.com RegisterFears of a global recession continue to grow amid challenges posed by Russia's invasion of Ukraine, an inflation-driven cost-of-living crisis and a sharply slowing Chinese economy. Lim also said, however, that he was confident global central banks could contain inflation and eventually bring it down. GIC is ranked as the world's fifth-biggest sovereign investor with $690 billion in assets, according to research firm Global SWF. "If there are suitable projects or assets in Australia, our infrastructure team will definitely want to look at it very closely," he added.
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