Temasek Holdings has increased its investments in public equities over the past 18 months, CEO Dilhan Pillay said at the Milken Institute Asia Summit in Singapore.

The state-owned investment firm managed S$434 billion (US$336 billion) in assets as of March 31.

Pillay noted this shift marks a departure from Temasek’s usual focus on absolute returns, as the firm pursues an “active alpha” strategy to strengthen its public market capabilities.

Temasek has also made record divestments of S$42 billion in its last fiscal year, reducing the share of private assets in its portfolio below public holdings for the first time in four years.

The company reported a 10-year annualized total shareholder return of 5%, trailing the MSCI World Index’s 10% return over the same period.

Temasek plans to reorganize its portfolio from April 1, creating three entities to focus on global direct investments, Singapore-based companies, and capital allocation for fund investments.

🔗 Source: Bloomberg

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