11.07.2016 - Rough ride for Temasek too
Investors everywhere have been in for a rough ride since last year, and Temasek Holdings is no exception. The Singapore investment company has suffered its first portfolio decline since the 2009 global financial crisis, pointing to more tough times ahead. The firm's net portfolio value fell to $242 billion for the financial year ended March 31, down from $266 billion a year ago. The decline was not surprising - about three-fifths of Temasek's holdings are tied up in listed assets, which means weak stock markets around the world were a significant drag...............................................Full Article: Source
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