In a Financial Times report last month, returns generated by both entities were deemed "poor" relative to global peers.
Both GIC and Temasek Holdings have made reasonable returns that are within expectations, given their respective mandates and risk profiles.
"Our focus has always been on long-term performance, rather than on short-term or year-to-year fluctuations," Jeffrey Siow, speaking as senior minister of state for finance, in Parliament on Jan 12.
