TEMASEK Holdings has launched an investment company with a war chest of up to $5 billion.
Called Seatown Holdings, the firm will be headed by Mr Charles Ong, currently Temasek's chief strategist, and be based at The Atrium at Orchard.
As yet, Temasek has not disclosed the exact sum of money at Seatown's disposal, or its investment strategy.
But sources said that it will seed the firm with between $2 billion and $5 billion and that it will be structured along 'much more commercial' lines.
This could mean the inclusion of 'entrepreneurs' on its board.
Many observers predict Seatown, which is the English word for Temasek, will adopt a multi-strategy approach, investing in a range of assets rather than purely stocks and bonds.
--ST
so who is the chief strategist of temasek holdings?