Are CPF members paid low returns due to massive GIC investment losses?
The day transparency sees daylight will be the day CPF members discover the massive investment losses concealed for decades. Although PAP has refused to come clean with the actual returns earned by GIC, some worrying estimates by reputable firms have in a way confirmed our greatest fear. According to a Reuters article, Morgan...
Did CPF members pay manager of CPF funds, GIC, hundreds of million$/billion$ in management fees?
Fund managers disclose their expense ratio or management fees to stakeholders. However, CPF fund manager GIC has been concealing this for decades. Based on PAP’s help-yourself-to-maximum-tax/CPF-dollars policy for PAP elites, managing at least $338 billion in CPF funds must be a lucrative business. Just how much are GIC managers,...
Temasek should disclose billions in bonuses paid to top management
Temasek Holdings is not managing private/PAP funds but Singapore’s past reserves. Strangely, the PAP government has designated Temasek an exempt private company where public funds are managed by PAP appointees and its real performance is known only to PAP’s inner circle. Temasek has been beating around the bush with disclosure...
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