One of the World’s Top Investors Just Rang the Alarm, Again
- Singapore’s Lim Chow Kiat suggests increasing cash reserves
- Lim says investors face rising uncertainty but falling returns
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The head of one of the world’s largest sovereign wealth funds wants to get one thing straight -- markets are becoming increasingly dire and investors face a very uncertain future.
Lim Chow Kiat, the chief executive officer of Singapore’s GIC Pte, has again sounded the alarm about the state of the world’s economy, decrying populism, trade protectionism and a decline in the ability of governments and markets to deliver broad-based prosperity.