Book notes: Bold vision, by Freddy Orchard
Largely uncritical insights about the formation of the GIC and Singapore’s currency regime
Freddy Orchard, Bold vision: the untold story of Singapore’s reserves and its sovereign wealth fund, Epigram Books, 2021, 176 pages
Singapore is one of the few countries that has accumulated a sufficiently large international reserves position that it can afford to invest some of them over the longer term through a sovereign wealth fund. This book tells the story of the formation of the Government Investment Corporation (GIC), one of its two sovereign wealth funds (SWFs), although it also
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