Reuters) - Temasek Holdings, the smaller but more visible of Singapore's two sovereign funds, is moving into a new phase with its investment strategy, and could look more like Blackstone Group (BX.N), another $160 billion institution, which has grown from a focused private equity firm to a global asset manager.
The shift follows setbacks since the 2008 financial crisis; the loss of $5 billion invested in Western banks; the abrupt departure of the fund's first non-local CEO before he'd even taken up the post; and the recent exit of dealmakers hired by CEO Ho Ching, the prime minister's wife, who has led Temasek for a decade. Full story
Related:
Singapore's Temasek Holdings: Evolution towards a global asset manager - The Economic Times
Singapore’s Temasek evolution, not revolution - Free Malaysia Today
