"We are a generational investor," says the latest annual report of Temasek Holdings Pte, "investing for generations to come." A swallow of a 13 per cent oneyear return is chirping cheerily — but nobody can quite claim it’s summer yet. That’s because last year’s stellar performance merely pushes up Temasek’s 10-year return to 4 per cent in Singapore dollar terms. Take a 17-year-old in 1974, the year of the state investor’s founding.Investing $10,000 on this person’s behalf, Temasek has generated $4 million. Michael Buchanan, the firm’s head of strategy, told Bloomberg Television that Temasek is planning to buy more unlisted assets.Gadfly had applauded this shift a year ago.

Source: Economic Times July 13, 2017 03:33 UTC