In good men we trust

The GIC said its investment strategy has paid off, 'and it has significantly recouped most of the losses incurred during the global financial crisis.' Its annual report said that the 20 year nominal average rate of return pa of investment was 7.1% for the preceding 12 months ending March. This is better by 1.4% over the previous year. Real rate of return rose from 2.6% to 3.8%.

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