| Temasek is turning into a financial chimera. Where that mythical beast was part lion, goat and serpent, the Singaporean fund combines aspects of a hedge fund, private equity house and investment bank. That combination sounds good for returns, though it might not sit well with Temasek's political ties.
First, consider Temasek's recent opportunistic. It sold US$2.5bil of shares in two China banks last Thursday, just weeks after buying US$2.3bil of shares in another. Temasek reportedly flipped China Construction Bank shares for 20% more than it paid last November which in turn was 20% below where the shares were trading when it sold in the previous July...............................................Full Article: Source
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