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Sovereign Wealth Funds Briefing - Categorized | Performance

2 years of Temasek growth wiped out in months

Posted on 12 February 2009

From Asiaone.com: The global financial meltdown cost Temasek Holdings a $58 billion paper loss in eight months, the government revealed yesterday. And the Government of Singapore Investment Corporation’s portfolio is expected to yield a lower than average return this year.

But despite the blows, the government has full confidence in Temasek and GIC to ride out the market downturn - and says they will produce solid returns in the long term….. Full Article: Source


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