Temasek return to shareholders only 1.5% last year, but S & P 500 increase 26.6%

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An honorable member of the Coffee Shop Has Just Posted the Following:

There is a stock market rally going on in the world with the S & P up 26.6% over the same period as Temasick's annual reporting period, (I used the S & P Chart from April 1st 2013 to March 31st 2014) and Whore Jinx comes in at 1.5% return only? What the fuck is this shit? We should have put the money into index mutual funds with Fidelity or some of the big fund managers, pay the 0.2% management fee and collect the rest of the 26.4% in returns. The spread in performance by Temasick's management and the S & P 500 is an astounding 25.1% in the red. In other words, based on a portfolio of $223 billion dollars, Temasek should have earned an extra $55.973 billion dollars more!! This is money that taxpayers do not have because Whore Jinx bet wrong on the China market. Any CEO would have been fired long ago for this shit. ANy self respecting CEO would have killed herself, but not this thick skin butch. Of course PAP apologists like SamLeong will come here and say its paper losses. Well, if Temasek is set up as a rainy day fund, than there is always a possibility that the money can be taken out of Temasek for a national emergency. In that case, an extra $55.9 billion would be very welcomed.

We would not even know about this if not for the fact that Temasek had to raise money by selling billions $ in bonds. As part of the requirement for Moodys and other rating agencies to rate their bonds, they have to file their annual financial report. Otherwise, taxpayers will all be in the dark. Fucking PAP. Every one knows the China market is played out, their growth slowed down and their banks in serious loans write off positions. She must be the last fund manager in the world to get the memo. And why is this apuneh FT Rohit Sipahimalani defending this performance? Why not Whore Jinx? Rohit the Thambi is yet another ex Morgan Stanley shitskins, which I have written about before. Temasek has way too many former Morgan Stanley jackasses there, and do too much business with Morgan Stanley even after they were sold shitty companies by MS. Would u trust an MBA grad from Indian Institute of Management in Ahmedabad? I wouldn't. But I guess whore jinx does. He must have been brought on board by Iswaran.


Singapore’s Temasek takes it on the chin

Leslie Shaffer | Writer for CNBC.com

Despite last year's global stock market rally, Temasek Holdings, Singapore's sovereign wealth fund, generated a shareholder return of just 1.5 percent for the 12 months ended March 31, hurt by its focus on Singapore and China.

"It's nothing to do the dance of joy over, but it's still squeezing a positive TSR (total shareholder return)" despite "paper losses" on its equity holdings," said Song Seng Wun, head of research at CIMB. "On the plus side, hopefully, is that the new net investment will help future earnings," he said, but added he expects it will take a while for the China rebalancing story to play out.

The sovereign wealth fund's TSR was down from 8.9 percent in the previous year. That compares with the 10-year average return of 9 percent and 16 percent since the fund's inception since 1974. The portfolio size rose 3.7 percent to a record 223 billion Singapore dollars ($179 billion) in the period.

By the end of the financial year, Temasek's largest geographical exposures were Singapore and China, at 31 percent and 25 percent, respectively. Stock markets were down in both countries over the reporting period, although they've since posted modest recoveries.

Singapore's STI index shed around 4 percent over the fiscal year, while Hong Kong's HSCEI, or Hang Seng China Enterprises Index, fell more than 7 percent, compared with the S&P 500's more than 18 percent gain over the same period.

"Our portfolio is anchored in Asia. A large portion of our portfolio is in Singapore and related to China," noted Rohit Sipahimalani, co-head of the investment group.

SingTel remains the fund's largest single-name holding at 13 percent of its portfolio, followed by China Construction Bank and DBS Group at 6 percent and 5 percent, respectively.

"In the very near term, there clearly are headwinds [in China]. There's tightening credit, there is a real-estate slowdown," Sipahimalani told CNBC.
Singapore's STI index shed around 4 percent over the fiscal year, while Hong Kong's HSCEI, or Hang Seng China Enterprises Index, fell more than 7 percent, compared with the S&P 500's more than 18 percent gain over the same period.

"Our portfolio is anchored in Asia. A large portion of our portfolio is in Singapore and related to China," noted Rohit Sipahimalani, co-head of the investment group.

SingTel remains the fund's largest single-name holding at 13 percent of its portfolio, followed by China Construction Bank and DBS Group at 6 percent and 5 percent, respectively.

"In the very near term, there clearly are headwinds [in China]. There's tightening credit, there is a real-estate slowdown," Sipahimalani told CNBC.


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