Temasek's bold target could see it miss out on some solid assets
Hong Kong
IN A low-yield world, Temasek's goals look increasingly aggressive. The US$180 billion Singapore state investor has just suffered its first down year since the financial crisis. The bigger issue is that return targets still look pretty punchy.
Temasek's portfolio was worth S$242 billion ($180 billion) at the end of March, down from S$266 billion a year earlier: a total shareholder return of minus 9 per cent, the first drop since 2008-09.
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