Sovereign wealth funds: The new rulers of finance
Financial institutions weigh up the opportunities
Temasek: A fund apart? The fund has A$60 billion ($52.4 billion) under management but has yet to do much with it: at June 30, when last disclosed, 75% of the portfolio was in cash. That figure becomes 91% if a slab of 2.1 billion Telstra shares, inherited from the state during the T3 privatization sale in February and to be held in escrow until 2008/09, is excluded.
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