Temasek Holdings Investment Performance and Transparency
Monday, 15 June 2009 | 6:55 am
On 8 June, I wrote in the Straits Times, a newspaper in Singapore that Temasek Holdings should not shy away from risk despite recent losses. Here is the article: “Temasek’s track record has come under fire of late for a couple of false steps, notably its investments in Merrill and Barclays. These false steps
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India
Saturday, 13 June 2009 | 10:59 am
Five years ago India had an election. There was a surprise victory for the Congress-led coalition over the BJP and the market fell 20% in a day. This marked the low and the market subsequently quadrupled over the next three and a half years. As it turned out the effect of having to accommodate some
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China ticking along nicely
Saturday, 13 June 2009 | 10:56 am
Fixed asset investment figures for the first 5 months showed a 33% increase YoY. For May alone it was up 38% YoY. Within that real estate investment in May was up 12% versus a 6% improvement in April. Despite these big numbers, the stimulus measures continue. Auto numbers were up by a similar quantum YoY
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What Do Hedge Fund Investors Want? June 2009
Thursday, 11 June 2009 | 7:53 am
Although I have never been a marketer, and am firmly on the buy side, being part of First Avenue Partners, effectively a marketing firm active in hedge funds, private equity and real estate, as well as a hedge fund seeder, gives me a very interesting view on what investors want. Being responsible for due diligence and manager selection for
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Has the rally come to an end?
Monday, 08 June 2009 | 4:36 am
Stronger than expected payroll numbers. US markets rallied in the morning and fizzled at the close. A few weeks ago, this sort of better than expected economic indicator would have fueled a rally of at least 2% for the SPY and the Dow. What happened on Friday smells like distribution to me. The reality
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