Someone even dares to say "the amount involved is trivial"...
He thinks US$440 millions is nothing.
He might be a multi-billionaire.
Sebastian Pang:
March 28, 2014 at 5:24 pm (Quote)
Every investment has risks, and every portfolio will have good & bad performers. Temasek is no exception. Given it was a buy-out consortium and total value only $440 million, even if Temasek were to lose everything, the amount involved is trivial. Brookstone was not a bad investment to begin with, or else someone like KKR would not be involed. Perhaps operationally Brookstone needs to be improved, therefore Spencer Spirit Holdings comes in with the ability to that. It may not be the best investment but Temasek did little wrong with this one, and Temasek’s annual returns over a 20-year period still beats other mutual funds, hedge funds and sovereign wealth funds hands-down.
Rating: -83 (from 89 votes)