Singapore’s Temasek cuts back on start-up investments
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Singapore’s Temasek is drastically reducing its investments in early-stage companies, because of interest rate rises and following some embarrassing blow-ups for the state-owned fund.Temasek, one of the world’s biggest investors, has become more bearish on high-risk unlisted companies, believing it is harder for them to go public, according to people with knowledge of the group’s investment strategy.The change in approach comes after it wrote down hundreds of millions of dollars on a...



