SeaTown will be more diversified than Temasek
The new government investment vehicle will have a greater reach in terms of asset class and geography than its parent entity, whose net portfolio value has rebounded strongly.
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In a rare glimpse into the secretive world of Singapore's sovereign wealth funds, Temasek Holdings has published its latest annual report.
The organisation unveils encouraging performance figures for the year to March 31, sets out its growing focus on Asia and gives more details about SeaTown, the new investment vehicle it set up in August (as revealed by AsianInvestor).
SeaTown may take in institutional co-investors in three to five years, after at least one market cycle of testing…
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