All articles tagged with #temasek
Ray Dalio and other investors warn that the AI sector is nearing a bubble burst due to rising interest rates and massive debt issuance. While tech stocks drive record market highs, concerns over unsustainable borrowing and potential wealth liquidation suggest a sharp reversal could follow.
Singapore's state investment firm, Temasek Holdings, has reported its worst annual returns in seven years, with its portfolio value declining by 2.2% to SGD 306 billion ($214 billion) for the fiscal year ending March 2020. The decline was attributed to the impact of the COVID-19 pandemic on global markets, as well as the collapse in oil prices. Despite the challenging environment, Temasek remains confident in its long-term investment strategy and continues to focus on sectors such as technology, life sciences, and sustainability.
Singapore's sovereign wealth fund, Temasek, stated that it is not currently interested in investing in cryptocurrency companies due to the regulatory uncertainties surrounding the sector. The Chief Investment Officer, Rohit Sipahimalani, mentioned that the recent charges against Ripple and Coinbase by the U.S. Securities and Exchange Commission have contributed to the hesitation. Temasek's focus has never been on investing in cryptocurrencies, but rather on investing in exchanges that generate fee-based revenue. Sipahimalani also discussed Temasek's early-stage investment strategy and the importance of diversification in managing risks.
Singapore's state investment company, Temasek, reported its worst returns in seven years, with a 5.07% decline in its one-year total shareholder return in Singapore dollars for the financial year ending March 31, 2023. The challenging macroeconomic and geopolitical environment, including restrictive macro policies, lower growth, and geopolitical tensions, contributed to the decline. Despite this, Temasek's decline in annual shareholder return compared favorably with global stock market returns. The company's net portfolio value decreased to $382 billion Singapore dollars, and it made adjustments to its portfolio exposure, reducing its financial services exposure and increasing its exposure to transportation and industrials. Temasek also slowed down its investment pace and adopted a cautious approach due to liquidity tightening.
Singaporean investment company Temasek has cut the pay of employees responsible for a failed $275m bet on cryptocurrency exchange FTX. The move comes after Temasek's investment in FTX lost 70% of its value in just two months.
Singapore state investor Temasek Holdings has cut compensation for the team that recommended its investment in the now-bankrupt FTX cryptocurrency exchange, as well as for its senior management team, following an internal review of its investment in FTX, which resulted in a writedown of $275 million. Temasek Chairman Lim Boon Heng said that there was no misconduct by the investment team in reaching their investment recommendation, but the investment team and senior management took collective accountability and had their compensation reduced. Temasek did not detail the amount of compensation cut.