Expense ratios of sovereign wealth funds
I obtained these figures from ChatGPT. The ratio of management expense is about 0.06% of investment funds for Norway and Saudi Arabia. The ratios are much higher for GIC and Temasek, being 0.17% for GIC and 1.9% for Temasek. I do not know if these ratios are strictly comparable, but they appear to be high for GIC and excessively...
Oxley Road matter is essentially a private matter
I want to begin my commentary by stating categorically that I do not know Lee Hsien Yang (LHY), Lee Suet Fern (LSF) or K. Shanmugam (KS). I express my views from what I have read in the news as a citizen. KS is careful with what he says. He speaks very good and beautiful English, however, he still doesn't speak perfect English...
World Irony
US is basically a technically Bankrupted Country with the Highest Debts in the world. China happens to be US second largest Creditor, after falling from the Top position with consistent sell off of US Treasury Bills for the past few years. It's amusing to see how the debtor trying all means to threaten its second largest Creditor...
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