Commentary
Financial Times, 30 Jul 2009, Emiliya Mychasuk and Emiko Terazono
emasek ruler Ho Ching is sparing in any interest in investing in Europe, with the fund's most recent public foray in the UK resulting in a loss on a small Barclays stake.
Temasek took an estimated £500m loss, as it reduced a stake of almost 2 per cent early in the year, after first investing in Barclays in mid-2007 when the bank was pitted against RBS in bidding for ABN Amro.
At lunch yesterday at the Singapore Institute of Policy Studies, Ms Ho used the theme of Building a Sustainable Institution. This meant investing in Asia and other emerging markets, with a smaller portion of 20 per cent of the $134bn fund set aside for developed countries.
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