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Singapore sovereign wealth fund Temasek considers joint investments

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Ho Ching

Chief executive Ho Ching said the fund had already been approached by institutional investors regarding such deals. Temasek is considering including outside investors in single projects as well as the possibility of creating a fund to invest in multiple projects.

This comes a week after the company parted ways with Chip Goodyear, who was to take over the chief executive position in October. Goodyear will now leave the company in August. Temasek has not given a reason behind this decision, saying only that “the Temasek board and Mr Goodyear have concluded and accepted that there are differences regarding certain strategic issues that could not be resolved.” Despite the value of Temasek’s assets plunging by more than SGD$40bn ($27.7bn) in the 12 months ended 31 March, the fund has had an annual return of about 18 per cent a year since its launch in 1974.

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QIA Becomes the Largest Shareholder in Colonial

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The Qatar Investment Authority (QIA) became the biggest shareholder of Inmobiliaria Colonial, SOCIMI, S.A. (Colonial), a Spanish listed real estate company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Mumtalakat Discloses Investment in Khairat Bahrain

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Bahrain Mumtalakat Holding Company disclosed an investment in Sudan called Khairat Bahrain. This is an agricultural investment in Sudan. The food and agriculture sector is key investment sector for many Gulf-based state investors. Khairat Bahrain is located in the world’s richest expanse of groundwater (the Nubian Sandstone Basin) occupying an area of approximately 100,000 feddans (400 square kilometers). The Nubian Sandstone Aquifer System is the world’s largest known fossil water aquifer system.

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Temasek Acquires Cybersecurity Firm Sygnia

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Singapore’s Temasek Holdings agreed to acquire Sygnia, Inc., an Israeli cybersecurity technology and services provider. Unverified estimates of the deal amount are around US$ 250 million. Sygnia runs out of Tel Aviv, but has an office in New York. Sygnia assists companies respond to cyber threats.

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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