Temasek Holdings talks on the ST Forum!!!

[Papsmearer]

Temasek is managed professionally with the aim to deliver sustainable long-term returns, and reports annually to its shareholder on its performance. Between March 2005 and March last year, Temasek's portfolio grew from $103 billion to $186 billion.

If Stephen Foreskin truly believes this, than can he care to explain why the wife of the PM with no experience whatsoever running an investment fund can end up running Temasek? Can he also explain if the company is so professionally run, than how come no one gets fired, no audits or investigations are done into the billions $ losses in the last 2 years? I cannot believe that any professional fund manager out there who loses $40 billion can still keep his/her job.

 

[scroobal]

Bond issue came after they began to disclose the high level financials. Prior to that capital only came from the govt funds. Since they already disclosing the financials to some extent, they decided to go to the fund capital market for funding.

This so called statement by him raises more questions than it answers. As for not being required to reveal any financial numbers, Foreskin is really full of shit. Temasek issued bonds, and it has to disclose its financial performance as part of its prospectus for the bond issue. And that is also how Moodys allocates a rating for its bond. It will not be able to sell the bonds in any market place if it did not reveal its numbers, this is a compulsory requirement of all regulators. For him to say they are doing it as a big fat favour to us is bullshit. We would have found out anyway.