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Sovereign Wealth Funds Briefing - Categorized | Performance

Singapore Temasek’s investments lost US$28 bln

Posted on 30 July 2009

From AP: Singapore government wealth fund Temasek said its investment portfolio lost 40 billion Singapore dollars ($28 billion) during the 12 months ended March as big bets on financial companies went sour.

In a speech Wednesday, Temasek Chief Executive Ho Ching said the fund’s own analysis last year of various investment scenarios had shown there was a 16 percent probability its portfolio could drop that much. “Indeed, it had turned out to be so, and more.”……..Full Article: Source


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