News Formal

Temasek cuts compensation of senior management, investment team over failed investment in FTX

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 66%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

SINGAPORE: Temasek's investment team and senior management 'took collective accountability and had their compensation reduced' after the firm's failed investment in cryptocurrency company

In an earlier statement published on its website, Temasek said that it invested US$210 million in FTX International for a minority stake of about 1 per cent, and US$65 million for a minority stake of about 1.5 per cent in FTX US.The cost of Temasek's investment in FTX was 0.

09 per cent of its net portfolio value of S$403 billion as of Mar 31, 2022, Temasek said at the time."While there are inherent risks whenever we invest, we believe that we have to invest in new sectors and emerging technologies to understand how these areas may impact the business and financial models of our existing portfolio, and whether they would be drivers of future value in an ever-changing world.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 6. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

5 Singaporean Blue-Chip Stocks to Consider Buying in 2023 - Singapore NewsWhether you’re a fan of dividend investing or simply looking for some solid stocks to add to your portfolio, here are five of Singapore's best blue chip stocks for 2023.
Bron: IndependentSG - 🏆 9. / 63 Lees verder »