NB: This is a series profiling different sovereign wealth funds that is updated as new information becomes available. This one profiles the Government Investment Corporation of Singapore, thought to be in the top 5 of sovereign funds - after the Abu Dhabi Investment Authority, Norway's Fund and probably the Kuwait investment Authority.

Most recent update: September 23 2008 to incorporate new material from the recently released report on the management of GIC's Assets. This report, the first such report released by GIC, and a test of its recent commitment to increase transparency, confirms much of the material  - It does have one glaring exception - no information on the size of its assets under management except to reiterate that it manages well over $100 billion (a statement that it has made since at least the year 2000). It does however confirm key information on its asset allocation (a shift to alternatives) and fairly significant exposure to emerging markets, two trends that seems likely to continue. And it is significant that this information comes directly from the fund and not through the intermediary of the media.