GIC Cuts Key Quant Unit in 'Tough' Overhaul of Investment Te

(Bloomberg) -- Singapore sovereign wealth fund GIC Pte has scaled back a core quantitative unit set up in 2016 under former Goldman Sachs Group Inc. banker Percy Wong, following a “tough” internal rethink of its investment teams and strategies.Most Read from BloombergSubway Offers Free Sandwiches That Come With a Lifetime CommitmentLargest US Grid Declares Emergency Alert For July 27US 10-Year Yield Hits 4% as BOJ Worry Lifts Yen: Markets WrapFed Raises Interest Rates to 22-Year High, Leaves Doo

Related Keywords

Singapore , Los Angeles , California , United States , Blackrock , New York , Ukraine , Russia , Chow Kiat , Liew Tzu Mi , Jeffrey Jaensubhakij , Bloomberg Businessweek , Percy Wong , Fanesca Young , Sanjay Yadav , Blackrock Inc , Systematic Investment Group , Young , Linkedin , Goldman Sachs Group Inc , Bloomberg , Neuberger Berman Group , Goldman Sachs Group , Chief Executive Officer Lim Chow Kiat , Fixed Income , Michael Recce , Los Angeles Capital Management , Boston Based Acadian Asset Management , New York Based , Investment Officer Jeffrey Jaensubhakij , Dic , Team Members , Strategies ,