Friday, February 6, 2009


Fascinating goings on at $130 billion Singapore sovereign wealth fund Temasek:

  1. Singapore'se sovereign wealth fund has $130 billion in it (that's a lot of money)
  2. Temasek's CEO, who is also the wife of the Singapore Prime Minister, has resigned
  3. Singapore's Prime Minister's wife was running $130 billion (a lot of money) of the coutry's money
  4. The reigns of the $130 billion fund (big dollars) will be handed to the former CEO of commodities giant BHP Billiton

It's an interesting strategy to run a really big fund with people who don't have experience, but I'm sure there's more to it than that.

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