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Fortune
Fortune
Nicholas Gordon

Temasek Holdings’ CEO on why the fund has shifted from 80% public equities to just 47%—and thinks private markets are where you get the biggest returns

(Credit: Ore Huiying—Getty Images)

Good morning. Nicholas Gordon here with a guest essay from Hong Kong.

Sovereign wealth funds can seem like relatively sleepy affairs: managing giant sums of money, but largely passive in their investment approach.

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