Jeremy Warner: Temasek loses its touch on Barclays
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Your support makes all the difference.Outlook Temasek, the Singapore sovereign wealth fund, seems to have lost the plot. Unlike Sheikh Mansour bin Zayed al Nahyan of Abu Dhabi, who has just made a killing from his investment in Barclays, Temasek apparently chose the bottom of the market earlier this year to offload its stake in Barclays, thereby clocking up a loss on the investment of £500m.
Temasek's loss on a similar investment in Bank of America was an even more jaw-dropping $3bn. If they haven't been already, someone, somewhere, is going to get fired.
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