Temasek Adjusts Portfolio Amid Global Challenges and Investment Slowdown
In the face of challenging global events and increased capital costs, Singapore's state investor, Temasek, has made portfolio adjustments to navigate the market volatility. The S&P 500 and MSCI Asia ex-Japan benchmarks faced significant declines in 2022, impacted by persistent inflation and geopolitical tensions. Temasek's cautious approach led to a slower investment pace, with a focus on technology, healthcare, and payments sectors. While adjusting its portfolio exposure, Temasek made strategic investments in companies like Stripe and Kaseya, while also increasing its stake in Mastronardi. Global Challenges and Capital Adjustments: Temasek highlighted that multiple global events in the past year have raised the cost of capital and affected capital flows. The resulting impact on the energy transition and growing demand for energy security have influenced investment decisions. The state investor experienced a reversal of gains in its global direct investments, particularly
