Lala81 Hypersonic July 28, 2016 Share July 28, 2016 I don't think the following points are going to be popular, but here goes anyway: - If GIC/Temasek can make more returns, I am sure they will like to as well. But unless there is underhanded manipulation (and not say want to do means can do), returns are at most an educated guess. No guarantee, no matter what investment you do. - I am not saying they are not paid well, but if you think you can do a better job, by all means apply for the position in Temasek to prove it and get that good pay. Otherwise, it is just about wanting the pay but not wanting the responsibilities that come with it. * I don't work for GIC/Temasek. Yup agreed. ↡ Advertisement Link to post Share on other sites More sharing options...
RadX Moderator July 28, 2016 Share July 28, 2016 agree w @celicar on this and the market itself is in doldrums so worldwide we are also seeing this. Not easy for SWFs everywhere 1 Link to post Share on other sites More sharing options...
Enye Hypersonic July 28, 2016 Share July 28, 2016 The company estimated that a portfolio comprising 65 per cent US stocks and 35 per cent US bonds is expected to generate real returns of 1 to 2 per cent over the next 10 years, well below the historical average of 5.2 per cent. ===== Wah , 1 -2% over next 10 yrs! CPF will have to cut their interest rate to match these 1-2%; even tho CPF & GIC have no relationship in anyway. Anw, GIC got audit or not? i bold for you still think it is easy to achieve? Link to post Share on other sites More sharing options...
Wyfitms Twincharged July 28, 2016 Share July 28, 2016 I don't think the following points are going to be popular, but here goes anyway: - If GIC/Temasek can make more returns, I am sure they will like to as well. But unless there is underhanded manipulation (and not say want to do means can do), returns are at most an educated guess. No guarantee, no matter what investment you do. - I am not saying they are not paid well, but if you think you can do a better job, by all means apply for the position in Temasek to prove it and get that good pay. Otherwise, it is just about wanting the pay but not wanting the responsibilities that come with it. * I don't work for GIC/Temasek. It's trueI am hoping to join maybe GIC in a few years time, to prove that I deserve that kinda pay Link to post Share on other sites More sharing options...
Little_prince Supersonic July 28, 2016 Share July 28, 2016 haha, can only if your surname is Lee hor according to people working/ worked there 10 mths average those who outperform even more.. i won't know cos my friends are just happy to be average there so 35 yr old VP, conservatively $12k salary.. means bonus $120K i think depends on role lah. i doubt everyone get 10 months. probably just the front office chaps. back office probably the usual 2-3 months Link to post Share on other sites More sharing options...
Wyfitms Twincharged July 28, 2016 Share July 28, 2016 agree w @celicar on this and the market itself is in doldrums so worldwide we are also seeing this. Not easy for SWFs everywhereThat is true in general but I have also worked with former temasek ppl and they were kinda disappointing i think depends on role lah. i doubt everyone get 10 months. probably just the front office chaps. back office probably the usual 2-3 months Hmm.. One of my friends who shared this with me also backend lehSo funny/ coincidental Someone from GIC enquiring if I got any job lobang... Maybe I Shld kaypoh as ask him out for drink to find out why he wanna jump ship Link to post Share on other sites More sharing options...
Chowyunfatt Turbocharged July 28, 2016 Share July 28, 2016 I don't think the following points are going to be popular, but here goes anyway: - If GIC/Temasek can make more returns, I am sure they will like to as well. But unless there is underhanded manipulation (and not say want to do means can do), returns are at most an educated guess. No guarantee, no matter what investment you do. - I am not saying they are not paid well, but if you think you can do a better job, by all means apply for the position in Temasek to prove it and get that good pay. Otherwise, it is just about wanting the pay but not wanting the responsibilities that come with it. * I don't work for GIC/Temasek. I agree with your very diplomatic statement ... But how do they take responsibility for their investments made? ... I'm just a plain citizen trying to understand ... Do they get these pay outs or bonuses regardless good times or bad? ... 5 Link to post Share on other sites More sharing options...
Kusje Supersonic July 28, 2016 Share July 28, 2016 Best SGD FD now is about 1.8% for 2 years. So nope. It's very tough for pension funds and big funds like temasek and GIC currently. The 10 year yield on US treasures is 1.5% at the moment. Germany 10 year bonds are negative yield. So are Japs. So the safest part of their portfolio is essentially definitely below inflation and below real returns. PS - missed out the word "real returns". Link to post Share on other sites More sharing options...
Celicar Turbocharged July 28, 2016 Share July 28, 2016 I agree with your very diplomatic statement ... But how do they take responsibility for their investments made? ... I'm just a plain citizen trying to understand ... Do they get these pay outs or bonuses regardless good times or bad? ... I am sure they have KPIs. How strictly they are measured against their KPIs I don't know, but I would think there are responsibilities that come with the job. Again back to my statement that if anyone thinks that the responsibilities that come with a given pay is minimal and can be easily met, then by all means apply for that job and show why he/she is best qualified to take on those responsibilities for that pay. Looking at 1MDB, I am glad we are light years ahead. It will really be the end of Singapore and Singaporeans if we wake up one day to find that GIC/Temasek: - is heavily in debt; - have funds that have flown out and nowhere to be found; - person at the helm, who is supposedly ultimately responsible, saying that he/she have no clue where the money went and if they were illegally or improperly taken out, it has nothing to do with him/her. Link to post Share on other sites More sharing options...
Porker Turbocharged July 28, 2016 Share July 28, 2016 haha, can only if your surname is Lee hor according to people working/ worked there 10 mths average those who outperform even more.. i won't know cos my friends are just happy to be average there so 35 yr old VP, conservatively $12k salary.. means bonus $120K The VP salary is probably 8 to 10k Link to post Share on other sites More sharing options...
Wyfitms Twincharged July 28, 2016 Share July 28, 2016 The VP salary is probably 8 to 10k well, that is surprisingly low.. Link to post Share on other sites More sharing options...
Yeshe Turbocharged July 28, 2016 Share July 28, 2016 The company estimated that a portfolio comprising 65 per cent US stocks and 35 per cent US bonds is expected to generate real returns of 1 to 2 per cent over the next 10 years, well below the historical average of 5.2 per cent. ===== Wah , 1 -2% over next 10 yrs! CPF will have to cut their interest rate to match these 1-2%; even tho CPF & GIC have no relationship in anyway. Anw, GIC got audit or not? u chup siao so much for wat? 70% of singaporeans happy can leow [laugh] Link to post Share on other sites More sharing options...
Yeshe Turbocharged July 28, 2016 Share July 28, 2016 The VP salary is probably 8 to 10k pui.. this one is glorified title ah? our table wiper anytime make multiple folds [laugh] 1 Link to post Share on other sites More sharing options...
Beregond Supersonic July 28, 2016 Share July 28, 2016 I am sure they have KPIs. How strictly they are measured against their KPIs I don't know, but I would think there are responsibilities that come with the job. Again back to my statement that if anyone thinks that the responsibilities that come with a given pay is minimal and can be easily met, then by all means apply for that job and show why he/she is best qualified to take on those responsibilities for that pay. Looking at 1MDB, I am glad we are light years ahead. It will really be the end of Singapore and Singaporeans if we wake up one day to find that GIC/Temasek: - is heavily in debt; - have funds that have flown out and nowhere to be found; - person at the helm, who is supposedly ultimately responsible, saying that he/she have no clue where the money went and if they were illegally or improperly taken out, it has nothing to do with him/her. its already quite sad to this stage that we have to compare ourself to our neighbour to console ourself that we are the lucky 1 lol. 3 Link to post Share on other sites More sharing options...
grandis123 4th Gear July 28, 2016 Share July 28, 2016 I am sure they have KPIs. How strictly they are measured against their KPIs I don't know, but I would think there are responsibilities that come with the job. Again back to my statement that if anyone thinks that the responsibilities that come with a given pay is minimal and can be easily met, then by all means apply for that job and show why he/she is best qualified to take on those responsibilities for that pay. Looking at 1MDB, I am glad we are light years ahead. It will really be the end of Singapore and Singaporeans if we wake up one day to find that GIC/Temasek: - is heavily in debt; - have funds that have flown out and nowhere to be found; - person at the helm, who is supposedly ultimately responsible, saying that he/she have no clue where the money went and if they were illegally or improperly taken out, it has nothing to do with him/her. I agree. GIC and Temasek are just like the wall street banks. You cannot perform, you are out. Same here in my bank. some people can smoke and some really good at it. but eventually still have to go. The pressure in investment banking is very high so of course is the pay. Link to post Share on other sites More sharing options...
Spring Moderator July 28, 2016 Share July 28, 2016 I agree. GIC and Temasek are just like the wall street banks. You cannot perform, you are out. Same here in my bank. some people can smoke and some really good at it. but eventually still have to go. The pressure in investment banking is very high so of course is the pay. Agreed that these guys can be easily measured and compensated accordingly. No 2 ways about it and in the cut and thrust world of investments, reputations and past achievements don't count anymore but current earnings are the be all and end all of investments. U can be a spin doctor as sales advisors to get clients to invest with your organization but you can't spin a result which is laid bare for all to see! 5 Link to post Share on other sites More sharing options...
Staff69 Hypersonic July 28, 2016 Share July 28, 2016 Just disclose year on year la. I wanna know how much of our money they lost or gained. No need to obfuscate with 20 year average just because they claim to invest for the long term. Every single company on the sgx also claims to be for the long term but they don't report it like this. Just disclose year on year la. I wanna know how much of our money they lost or gained. No need to obfuscate with 20 year average just because they claim to invest for the long term. Every single company on the sgx also claims to be for the long term but they don't report it like this. same concept 9 Link to post Share on other sites More sharing options...
Little_prince Supersonic July 28, 2016 Share July 28, 2016 The VP salary is probably 8 to 10k https://www.glassdoor.com/Salary/GIC-Investments-Vice-President-Salaries-E229908_D_KO16,30.htm average of about 173k per annum for VP. assume 6 mth bonus? about 10k per mth lor well, that is surprisingly low.. VP stands for Very Poor by MCF standards ↡ Advertisement Link to post Share on other sites More sharing options...
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