Temasek profits fall as global slowdown bites

Temasek Holdings realised a net profit of $10.7 billion on its S$198 billion ($157 billion) portfolio in the 2012 financial year to March 31, down 16% from its $12.7 billion profit from 2011, as a slowing global economy took its toll on the value of its portfolio assets. The Singapore sovereign wealth fund’s net portfolio value grew from S$193 billion in the previous year. It invested S$139 billion during 2012 (while divesting S$87 billion), with a slight shift in holdings by geog…