Temasek puts faith in tech assets amid grim outlook

Singapore’s Temasek will step up investment in private markets, particularly in areas of innovation, after posting a much lower return than last year, in line with the global trend among its peers. The S$313 billion ($230 billion) fund revealed on Tuesday (July 9) that it would plough more money into science- and technology-related assets, playing to one of its traditional strengths, in an effort to counter the gloomy outlook. For the year ended March 31, Temasek reported a one-…