11.03.2014 - Temasek's pivot to private investment heralds billion-dollar listed asset sales
Singapore's Temasek Holdings is shedding the skin of a sprawling sovereign investment house, cutting stakes in big publicly listed companies as it puts more money into growing private companies and private equity firms in search of better returns. Under the guiding hand of chief executive Ho Ching, the wife of Singapore's prime minister, the $170 billion state investor is morphing into a leaner form. The firm's returns have often lagged its own internal metric in recent years due to its focus on big stocks...............................................Full Article: Source
Print