The New York Times, 10 Feb 2009, BETTINA WASSENER
HONG KONG -- Temasek Holdings, the Singapore government’s sovereign wealth fund, said Tuesday the value of its investment portfolio fell by 31 percent of its total, or about $39 billion, between March and November last year, a reflection of the stock market rout set off by the turmoil surrounding U.S. subprime mortgages.
Temasek’s portfolio was worth 127 billion Singapore dollars, or $85 billion, at the end of November, down 31 percent from the end of March. Lim Hwee Hua, senior minister of state with the Finance Ministry, confirmed the figures to Parliament on Tuesday, news agencies reported.
Read More
Related News:
Temasek portfolio fell 31 pct in eight months: local radio - AFP
Singapore: Temasek Loses $39 Billion In Eight Months - Mysinchew.com, 11 Feb 09
