Its global direct investments, particularly in technology, healthcare and payments, saw 'a reversal of gains' in the 12 months ending March 31 this year.
Temasek posted a 5.07% decline in its one-year total shareholder return in Singapore dollars.Confluence of multiple global events, not seen in decades, raised cost of capital and weighed on capital flows.
Net portfolio value came in at $382 billion Singapore dollars , compared to S$403 billion a year ago. This was just its fifth one-year total shareholder negative return since 2003. The Singapore state investor is invested in both public and private markets. Unlisted assets comprised 53% of its portfolio as at March 31— generating higher returns in listed assets. Marking its unlisted portfolio to market would provide S$18 billion of value uplift, it said.
Temasek said its global direct investments, particularly in the technology, health care and payments spaces, saw "a reversal of gains" in the 12 months ending March 31, as valuations de-rated in the higher interest rate environment.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Attorney who challenged Trump's 2020 loss gives up law license as states weigh disciplining himAttorney Lin Wood, who filed legal challenges seeking to overturn Donald Trump’s 2020 election loss, is relinquishing his law license, electing to retire from practicing rather than face possible disbarment
Read more »
DOJ announces additional arrest in 2020 custody battle murder of Carrollton motherThree years after a young mother was killed at work, federal authorities have announced another arrest in the case.
Read more »
Christie stands by FBI director and calls out Trump for 2020 loss to BidenFormer N.J. Gov. Chris Christie slammed former President Donald Trump's White House run and doubled down on his support of FBI Director Christopher Wray.
Read more »
Ex-fiancée of Texas man accused of helping to murder his baby's mother in 2020Holly Elkins, the ex-fiancée of Andrew Beard of Rowlett, Texas, was charged last week with helping to orchestrate the murder of his ex-girlfriend in October 2020.
Read more »
Freelance Photographers Sue Over Injuries Suffered in 2020 Police RiotsTwo freelance photographers have filed a lawsuit over injuries they suffered after alleging police unlawfully shot them with rubber bullets as they covered the 2020 protests.
Read more »
Before 'The Bear,' Jeremy Allen White Was Terrorized in This 2020 Horror MovieThe horror of working in a kitchen is unrivaled, but this is a close second!
Read more »