Temasek assets swell to new high

About 46 per cent of Temasek's allocation was focused in Asia, excluding Japan, and its most recent investment were in energy and resources. Melvyn Teo, director of the BNP Paribas Hedge Fund Centre at SMU, said: ?Their strategy of staying invested during the crisis and re-allocating resources and capital more towards Asia and the emerging Asia has helped with the returns over the last financial year.?