| Temasek Holdings put US$3 billion (S$4.05 billion) with a fund managed by Avanda Investment Management Pte, started last year by former GIC senior executives. The state investment firm invested with the Avanda Global Multi-Asset Master Fund, which is managed by the Singapore-based manager, Temasek said.
Avanda was partly seeded with money from GIC, and was started by former managers including Sung Cheng Chih, Quah Wee Ghee and Ng Kok Song, a former chief investment officer of the sovereign wealth fund...............................................Full Article: Source
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