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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Market, Performance

Temasek gains not part of Government spending plans

Posted on 21 October 2008

From Todayonline.com: Capital gains from Temasek Holdings are to be excluded from the Government’s new spending plans as the national investment company’s strategy of taking concentrated stakes in companies means its long-term returns are not easy to forecast.

Instead, the new Government spending framework will for now be applied only to reserves invested by the Monetary Authority of Singapore and the Government of Singapore Investment Corporation (GIC)…… Full Article: Source


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