Singapore Sovereign Fund Founds Possible Hedge Fund Firm

Feb 10 2010 | 10:30am ET

Temasek Holdings has founded Seatown Holdings. But what is it?

Conflicting reports say the new investment firm could be a hedge fund platform—it would be among the largest in the region with US$3 billion. But other sources flatly deny that Seatown, which features DiMaio Ahmad Capital co-founder Nasser Ahmad as co-CEO, will be a hedge fund. Temasek veteran and former Lazard Freres banker Charles Ong is the firm's other CEO.


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