Information on Annual Management Cost as Percentage of Assets for Temasek Holdings

Parliamentary Question by Mr Chua Kheng Wee Louis:

 To ask the Prime Minister and Minister for Finance (a) whether the Government has information on (i) the annual management costs as a percentage of assets under management for Temasek Holdings over the last five years and (ii) the quantitative and qualitative performance indicators for the new wholly-owned entities, Temasek Global Investments, Temasek Singapore, and Temasek Partnership Solutions respectively; and (b) if so, what are they.

Parliamentary Reply by Second Minister for Finance, Ms Indranee Rajah:

We had previously addressed related questions regarding the management costs for Temasek Holdings in this House, and the Member may want to refer to the Hansard records. 

Temasek Holdings will set up the three new wholly-owned entities to manage different segments of its portfolio. The Government will continue to hold the Board of Temasek Holdings accountable for delivering good long-term returns on the overall investment portfolio. Temasek will continue to publish the total portfolio’s net returns, which would have deducted all investment fees and expenses. 

For further information on Temasek’s wholly-owned entities, I refer the Member to Temasek’s press release and statements.