2023-05-30
Our Chairman's Statement on FTX Internal Review - Temasek
Temasek holdings, a Singaporean
state-owned investment firm released a statement on May 29 that it will cut
compensation for the investment team both senior management level and staffs
that recommended and evaluated the investment in FTX. However, Temasek does not reveal the amount of the compensation that was cut.
Details of Temasek investment in FTX.
-Temasek is the second largest investor
of FTX.
-As of March 31, 2022. FTX accounted
for 0.09% of Temasek’s portfolio, valued $304 billion.
-Temasek lost $275 million from
investment in FTX.
-Top three institutional investors in
FTX including Sequoia Capital, Soft Bank’s Vision Fund, and Temasek Holdings.
About Temasek
Temasek is a Singaporean sovereign
wealth fund founded in 1974 by Singapore government. It currently has $403
billion assets under management. Temasek has more than 400 investment managers
and investment analysts to select investments in various business sectors.
