Newsmakers
Singapore’s GIC Reshuffles Investment Leadership
The sovereign wealth fund promoted two CIOs into roles as deputy group CIOs.
The SWFs also are pushing more into real estate as valuations drop, report says.
GIC also reported 5- and 10-year annualized returns of 3.7% and 5.1%, respectively.
The Bangalore-based startup joined the unicorn club with a valuation just north of $1 billion.