Temasek reports worst returns since 2016, sees S$7 billion net loss - Singapore News

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Temasek reports worst returns since 2016, sees S$7 billion net loss - Singapore News
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The firm is an investor in Chinese financial services company Ant Group, founded by Jack Ma. The company had been subjected to hundreds of millions of dollars in fines.

SINGAPORE: State-owned investment firm Temasek saw its worst returns since 2016 amid global economic and political difficulties. Temasek posted a

Temasek Chief Investment Officer Rohit Sipahimalani is quoted in CNBC as saying, “We have a predominantly equities portfolio, so we can’t be immune to movements in the market.” The firm is among the top ten investors around the globe, and has 63 per cent exposure in Asia, the majority of which is in Singapore and China. It holds stakes in DBS Group and China Construction Bank, among other large companies listed in Asia.

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