TEMASEK Holdings has launched an investment company with a war
chest of up to $5 billion.
Called Seatown Holdings, the firm will be headed by Mr Charles
Ong, currently Temasek's chief strategist, and be based at The
Atrium at Orchard.
As yet, Temasek has not disclosed the exact sum of money at
Seatown's disposal, or its investment strategy.
But sources said that it will seed the firm with between $2
billion and $5 billion and that it will be structured along 'much
more commercial' lines.
This could mean the inclusion of 'entrepreneurs' on its
board.
Many observers predict Seatown, which is the English word for
Temasek, will adopt a multi-strategy approach, investing in a range
of assets rather than purely stocks and bonds.
--ST