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Temasek Holdings
Latest Headlines
Latest Headlines
Kuwait fund fares well in financials
For sovereign wealth funds, the financial crisis has been a blessing and a bane . They took some hard knocks over the course of the financial crisis. Some got stuck with some poor investments and some winners. Last May, the Kuwait Investment Authority made a $750 million investment in asset
Did SWFs win or lose on financial bets?
Sovereign wealth funds, like a lot of U.S. funds, made some pretty big wagers on financial services companies not too long ago. How did they fare? It's been a mixed bag. Kuwait's sovereign wealth fund said over the weekend that it had made a $1.1 billion profit from its Citigroup stake, which
SWFs to get more active with portfolio companies?
Fairly or not, the world tends to view sovereign wealth funds as shadowy operations, which prefer to stay out of the limelight. But is that about to change? The Telegraph reports that Temasek, the massive Singaporean sovereign wealth fund has updated its investment charter for the first time i
Temasek defends Bank of America sale
Temasek Holdings, the Singapore sovereign wealth fund, made headlines when it sold its entire 3 percent stake in Bank of America. It has not quantified anything, but most people assume it took losses anywhere from $2.3 billion to $4.6 billion, reports the Financial Times . While we will not soo
SWFs still interested in financial firms?
You would think that sovereign wealth funds have had enough of U.S. financial firms. Some of them have taken a real bath. Recall that Singapore's Temasek invested $5 billion in Merrill Lynch eight months ago--only to see the company stagger and its stock plunge. But guess what? It's still investin
Another Merrill Lynch shocker: $5.7 billion more in write-downs
Fresh off a massive loss, Merrill Lynch announced it will write down another of $5.7 billion for the third quarter. Most of that stems from a move to finally get rid of its portfolio of super senior mortgage-backed CDOs, which were once valued at $30.6 billion, the New York Times reports.
Merrill Lynch was serious about BlackRock sale
The Financial Times reports that Merrill Lynch was serious about selling its 49 percent stake in BlackRock back to the asset manager, revealing that Merrill CEO John Thain and BlackRock CEO Larry Fink held extensive talks on the issue over several weeks. Both sides hoped to reach an agreement
What are Merrill Lynch and TPG talking about?
Executives from Merrill Lynch  and private equity powerhouse TPG recently met in New York, according to the Financial Times . The participants included the bigs--John Thain, Merrill Lynch CEO and David Bonderman, TPG co-founder--among others. Apparently, Bonderman offered to pony up some c
ALSO NOTED: Temasek adds to Merrill Lynch stake; More on JP Morgan beating estimates; and much more...
Company News:
> More on JP Morgan beating estimates. Article
> Wells Fargo beats estimates. Article
> Bank of New York Mellon misses estimates. Article
> Temasek adds to Merrill Lynch stake. Article
> UBS faces reputation problems. Article
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