Temasek, the Singaporean sovereign wealth fund, has hired former minister Baroness Vadera.It is understood that fund, which lost at least 20pc of its value during the financial crisis, wants access to Lady Vadera's financial and geopolitical expertise, as it restructures parts of its S$127bn (£60bn) investment portfolio.
Ho Ching, who is the wife of Lee Hsien Loong, the Singapore prime minister, revealed last July that the fund had lost at least £16.9bn during the financial crisis. Full Story
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