Economic, political, and market risks will be higher in the coming decade than in the 20 years before the recent crisis, says Tony Tan, deputy chairman of Government Investment Corporation GIC, Singapore's biggest sovereign wealth fund. As a result, he feels SWFs have an important role to play as suppliers of capital and expertise, something that has also been noted by others.
Speaking on Saturday at the Asia-Pacific Economic Cooperation CEO summit in Singapore, Tan first outlined his view of the global economy. While global depression appears to have been avoided and the short-term economic outlook is positive, significant risks remain, he said, reflecting bearish views he has...
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