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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...

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