SINGAPORE, July 13 — Singapore state investor Temasek Holdings’ portfolio value likely rebounded to scale a record in the year ending March, boosted by a rally in global markets and the public listing of some of its holdings.
“We have seen broad economic growth and a rebound in financial markets, but there are industries which are facing headwinds, so the challenge for big long-term investors like Temasek and GIC really is about managing portfolios in which occasionally, some sectors will take a hit,” said Song Seng Wun, an economist at CIMB Private Banking.
Analysts expect no major change to Temasek’s strategy, though senior executive Dilhan Pillay is set to take over as the CEO of the investment firm from Madam Ho Ching, who is retiring after heading Temasek for 17 years.