Temasek posts 9% portfolio gain, eyes Western assets

Temasek Holdings' portfolio value rose to S$215 billion ($169 billion), up 9% from S$198 billion in 2012, citing a global recovery as well as successful investments in energy and resources industries. Over the year, the Singaporean sovereign wealth fund invested S$20 billion and divested S$13 billion, with S$4 billion allocated to the energy and resources sector. Its shareholder return was 8.86%. Last year’s returns were down compared to its annualised returns to shareholders ov…