Temasek's Fullerton Fund says assets to rise 50 pct to $15 bln

Yahoo News Asia, 22 Sep 2008, Reuters

BEIJING, Sept 22 (Reuters) - Assets invested by the fund management arm of Singapore's sovereign wealth fund, Temasek [TEM.UL], should rise 50 percent to $15 billion within 2-3 years, the fund's chief executive said on Monday.

"I think you will see both very healthy growth of AUM (assets under management) of 50 percent and up over the next two or three years," said Gerard Lee, head of of Fullerton Fund Management.

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