Global Market: GIC to invest $30 billion more in hedge funds, doubles down on AI

GIC, Singapore's sovereign wealth fund managing around $936 billion in assets, plans to invest an additional $30 billion in hedge funds focused on global macro, quantitative, and multi-strategy approaches. The fund reported its weakest 20-year real rate of return of 3.4% for the period ended March 31, 2026, down from 3.8% the prior year, attributed partly to a deliberately more conservative portfolio positioning. GIC remains optimistic on AI as a long-term theme, investing across infrastructure, technology developers, and AI integrators, and adopted a refreshed investment framework effective April 1 to improve capital reallocation flexibility.