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Singapore Sovereign Wealth Fund Picks Brazil For Its 10th Global Office
Vanessa Doctor
3 April 2014
Government of Singapore Investment Corporation, the largest sovereign wealth fund in Singapore, has opened a new office in Brazil. The Sao Paulo branch is the firm's tenth worldwide and reflects its commitment to growing in Latin America, the firm said in a statement. , who has been with GIC for five years. As at the end of 2013, around 44 per cent of GIC's portfolio is located in North and South America, while 25 per cent are in Europe and 28 per cent are in Asia. It manages 80 per cent of its business in-house.