Temasek Holdings Pte, Singapore’s state-owned investment company, expects smaller returns for the asset management industry on anticipation the outlook will be difficult for years, said Gregory Curl, president and head of the Americas.
“We’re interested in sustainable returns over what we believe is going to be a very difficult and volatile environment for a number of years globally,” Curl said. “Going forward, we would expect that returns will be between one-half and two- thirds of what they have been historically,” referring to the returns for asset managers. Full story
