Temasek not the usual sovereign wealth fund

It invests capital accumulated from generations of hard work: Lim Boon Heng

WHENEVER Temasek Holdings opens a new office outside of Singapore, it is "not indicative of some radical shift" in the investment company's approach, said its chairman Lim Boon Heng.

"Coming from a little island nation with no natural resources except for some granite rocks, we are not a sovereign wealth fund in the normal sense of the term," he said at a reception to mark the opening of Temasek's new European office in London last Friday.

"Instead, we invest capital accumulated from generations of...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to