Temasek Boosts Bets on Public Stocks, Pursues ‘Active Alpha’

Singapore’s Temasek Holdings Pte has invested more into public equities in the last 18 months than it traditionally has done, according to Chief Executive Officer Dilhan Pillay.

The state-owned investor, which managed assets with a net portfolio value of S$434 billion ($336 billion) as of March 31, has created an “active alpha” relative return strategy, Pillay said at the Milken Institute Asia Summit in Singapore on Wednesday.

“It’s a bit of an aberration for us, because we’re generally absolute return,” he said. “But we did that in order to build up the muscle that we need to have, to ...