Temasek remains most active sovereign wealth fund

Temasek comes out on top as the most active sovereign wealth fund for the second year running in the 4th Sovereign Wealth Fund Report.

The 4th Sovereign Wealth Fund Report has named Temasek, the investment company owned by the government of Singapore, as the most active fund in 2014.

The report was created by Spain-based education institute Escola Superior d'Administració i Direcció d'Empreses (Esade), professional service firm KPMG and ICEX-Invest in Spain, the development agency of Spain.

In total, Singapore took the top two places for most active sovereign wealth funds with Temasek having 44 deals in 2014 and GIC, formerly the Government of Singapore Investment Corporation, having 23.

The average values of the deals involved were $170m for Temasek and $621m for GIC.

This marks the second year running that Temasek has claimed the most active fund spot.

During its analysis of sovereign wealth funds the report found that at time of writing there were 92 sovereign wealth funds in operation — their assets under management also reached a record high of $7.1 trillion. In addition, there are 25 countries that are considering setting up funds.

Funds invested mostly in the real estate sector with that market gaining an accumulated investment of $21bn. This was closely followed by infrastructure with $20bn.

Looking to the future of sovereign wealth funds, the report states: “In the coming decades, sovereign wealth funds could lead a new wave of investment in agricultural assets. Compared with other institutional investors, sovereign wealth funds are more patient and better equipped to accept and withstand the high volatility of agricultural prices in the short term.”

See more from this Government Report: Singapore


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