From Reuters: Temasek has set up a multi-billion dollar investment company, in what may be a small step towards allowing ordinary Singaporeans greater say in the affairs of the city-state’s wealth fund as co-investors.

The shift for tightly controlled Temasek comes after it faced a barrage of criticism last year on soured investments in the West, where it lost billions backing banks such as Merrill Lynch and Barclays………………………………….Full Article: Source