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GIC plans $30bn hedge fund allocation over next three years

The sovereign wealth fund expects to back global macro, quantitative, and multi strategy managers as it expands hedge fund exposure.

Reported · Written up by our desk · Hedge Funds

Singapore sovereign wealth fund GIC plans to commit an additional $30 billion to hedge funds over the next three years, according to a report by Reuters.

GIC expects the new allocation to support hedge fund strategies including global macro, quantitative investing, and multi strategy managers.

The Reuters report characterizes the move as part of GIC’s broader effort to deepen its hedge fund investments across different manager styles.

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