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Sovereign Wealth Funds Briefing - Categorized | Market, Performance

Temasek in the hot seat

Posted on 01 June 2009

From Asianinvestor.net: Temasek Holdings, the investment arm of the Singapore government, has found itself in a position where it has to explain the divestment of its Bank of America stake plus a S$58 billion ($40 billion) portfolio loss incurred in the period from March to November 2008.
This loss amounts to around half of the S$114 billion gain that the firm made between 2003 and 2007…….Full Article: Source


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