06.07.2012 - Singapore's Temasek seeks investment in Europe, commodities
Singapore state investor Temasek Holdings , whose portfolio swelled to a record in the last fiscal year, is looking to acquire assets in Europe and plough more money into energy and commodities after doubling its exposure to the sector. Sovereign wealth funds such as China Investment Corp are struggling to deliver decent shareholder returns at a time when the European debt crisis and an anemic U.S. economy are depressing capital markets from Brazil to Hong Kong. But beaten-down valuations have presented opportunities to investors such as Mexican tycoon Carlos Slim, who recently added European companies to his telecommunications empire...............................................Full Article: Source
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