Singapore’s Temasek, one of the world’s largest investors, reported its strongest returns in more than a decade after its portfolio was buoyed by the lavish stock market listings of portfolio companies including Airbnb and DoorDash.
The state-backed investment company said on Tuesday that its one-year shareholder return in the 12 months to March jumped to 24.53 per cent. That was the highest since 2010, when it registered a 43 per cent return as markets bounced back after the global financial crisis.
In the 12 months to March 2020, Temasek posted shareholder returns of minus 2.28 per cent.
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