Singapore sovereign wealth fund Temasek Holdings said on today its assets rose 13 per cent in the year to March 2008 and it was prepared to invest more money in Western banks if the opportunity arose.
”Growing with our blue chip companies and our direct investment activities, Temasek now owns a net portfolio of about S$185 bn (US$131bn) at market value as at 31 March 2008,” Chairman S Dhanabalan said in a speech to a group of Singapore entrepreneurs.
He added that the Singapore fund, which already owns large stakes in lenders such as Merrill Lynch and Barclays, would look at opportunities to buy more shares in Western banks.
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