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%. How much do these numbers mean? How big is the portfolio, how much profit or was there any profit, assuming a positive rate of return means there is profit? Never mind, the money is in good hands and there is an official annual report. Good enough. And the report said everything is doing just fine. We trust the good men handling the good money, and plenty of money in any measures.