Temasek Holdings is gradually diversifying into asset classes, sectors and geographical exposure beyond its current portfolio. Two recently established, wholly owned companies will facilitate this effort. One is SeaTown, to which Temasek has committed S$4 billion under co-investment rights. “SeaTown’s own board and management will set their own investment strategy. One major difference between SeaTown and Temasek is that Temasek will remain predominantly in equities and also focus mostly in Asia, while SeaTown will be more diversified in geography and asset classes. SeaTown may take in institutional co-investors in perhaps three to five years after we have gone through at least one market cycle of testing,” says Simon Israel, Temasek’s executive director. Full StoryRelated:
Temasek Moves Ahead With SeaTown Unit as Test for Managing Outside Money - Bloomberg
Temasek seeks Asian equities fundies - Financial Standard
Temasek sticks with Asia after portfolio rises 43pc - City A.M.
Temasek to Diversify - Live Trading News
