The Wall Street Journal, 27 Oct 2008, Heidi N. Moore
"Singapore’s finance chief said this month that the nation’s sovereign-wealth funds, Government of Singapore Investment Corp. and Temasek Holdings, would invest more money because of the global downturn.
Of course, it is no surprise to hear from Temasek, because it has a deep well of investments in a financial sector that is expected to be a hunting ground for cheap deals. Temasek increased its investments in Merrill Lynch and Barclays even as the markets folded and maintained investments in the U.K.’s Standard Chartered and India’s ICICI Bank. Other private investors, including private-equity firms TPG and J.C. Flowers & Co., also are eyeing the sector. "
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