SINGAPORE — Singapore sovereign wealth fund GIC plans to deploy an additional $30 billion into hedge funds and is spreading its bets across artificial intelligence, top executives said, while reporting its weakest long-run returns since 2020.
Group Chief Investment Officer Bryan Yeo said the money would be allocated over three years and that the fund’s top executives see opportunities in global macro, quantitative and multi-strategy funds, which span multiple assets and can adjust quickly when conditions change.