Weekly investors roundup: Temasek awaits market correction; Ontario Teachers' expands Singapore office; Samsung shops alternatives via Blackstone
Temasek thinks market valuations have not yet priced in a global economic recession; Ontario Teacher’s Pension Plan has announced plans to double its headcount in its Singapore office for Asia expansion; Samsung insurance firms have committed to a $650 million mandate into alternative assets managed by Blackstone; and more.
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Market valuations have not yet priced in a global economic recession, Temasek said, adding that it was waiting for further declines before stepping up investments.
“Current valuations are not reflecting the risk of downturn we see in the next 12 to 18 months,” Temasek’s chief investment officer, Rohit Sipahimalani, said on September 30.
“I do expect as these valuations correct, we will again step up our pace of investment,” Sipahimalani told a session at t…
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