Reuters, 2 Jun 2009, Saeed Azhar
Singapore state investor Temasek's new CEO Charles Goodyear may cut the fund's large holdings in banks and trim stakes in other firms such as SingTel (STEL.SI) as he reallocates money to energy and consumer sectors, Nomura said in a report.
"He (Chip Goodyear) might look to rationalize Temasek's large exposure in banks (40 percent) and reallocate to under-represented sectors such as energy/natural resources and lifestyle/consumer," Nomura said.
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