In Good Company

Smart money, or just a lot of money? GIC just hinted at answer

Singapore's sovereign wealth fund marks 40 years and gets set for new challenges

GIC chief executive officer Lim Chow Kiat cut his teeth as an expert on fixed income and has the air of a calm accountant.
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There's this joke about the golf-addicted preacher who, upon turning 40, calls in sick and treats himself to a game on a distant course, to avoid being recognised. Wonder of wonders, he gets a hole-in-one, a rare and cherished feat that would ordinarily call for a big celebration.

Problem is, given his special circumstances, the priest cannot share his joy.

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