atans1

Temasek: the gd, the bad and the ugly

In Energy, Temasek on 27/05/2012 at 9:27 am

Ang  moh financial commentator says nice things abt Temasek (Bang yr balls SDP, Chris Balding, KennethJ and TRE. I hope TRE reflects that its heloo TJS has never said the nasty things that the others have said abt our SWFs. In fact by saying that S$60bn is “small change”, he implies that they are doing a gd job. But how would he know? He was in the loop over 20 years ago.)

http://blogs.reuters.com/breakingviews/2012/05/09/temaseks-triple-personality-bodes-well-for-returns/

As I said yesterday, our SWFs didn’t do extractive industries presumably because one LKY didn’t understand “miners”, he said a few yrs ago. Gd advice: given this (credit downgrade) a few weeks ago;  and this (billionaire stalker of underperforming US cos) revealed yesterday that he had bought a 7.6% stake in Chesapeake Energy Corp and called for the natural gas producer to replace at least four directors, saying the board has failed “in a dramatic fashion” in its oversight of management).

The background and details on Temasek’s stake: http://www.tremeritus.com/2012/04/29/temasek-flops-again/

Maybe, balls-up like this resulted in Temasek last week naming Boon Sim, former global head of mergers and acquisitions at Credit Suisse Group AG, as its president for North America. He will also work closely with teams to support its interests in Latin America and Europe.

Temasek … said it expects the markets to enter a “period of stress” for the next one to two years amid the European debt crisis, adding risks to investments http://www.bloomberg.com/news/2012-05-22/temasek-says-markets-entering-period-of-stress-in-next-2-years.html.

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  1. Professor Chris Balding only said that there were about S$500 billion not accounted for yet,but he also said that CPF money would have absolutely no problem which is very reassuring for Singapore citizenss.

  2. Tan Jee Say left the Administrative Service in 1990 to join investment bank,that was 22 year ago,Ms Ho Ching joined Temasek Holdings in May 2002.
    So Tan Jee Say may not know.

  3. [...] GIC, Temasek State Funds Investments – Thoughts of a Cynical Investor: Temasek: the gd, the bad and the ugly [...]

  4. “But how would he know? He was in the loop over 20 years ago.”
    Think u phrased stuff incorrectly. Jee Say was “out of the loop” — not “in”. :roll:

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