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10-06-2023, 01:44 PM
article by KJ
A few days ago Temasek announced that it was very sorry for screwing up with the FTX investment and losing your money. It admitted losses of US$275 million ($374 million) but without transparency we can’t be sure that that is the full story as earlier funding rounds in which Temasek participated do not appear to be accounted for.
In a fake display of contrition, Temasek management issued the following statement:
“The investment team and senior management, who are ultimately responsible for the investment decisions made, took collective accountability and had their compensation reduced.” It went on to say it was “disappointed with the outcome of our investment, and the negative impact on our rep
A few days ago Temasek announced that it was very sorry for screwing up with the FTX investment and losing your money. It admitted losses of US$275 million ($374 million) but without transparency we can’t be sure that that is the full story as earlier funding rounds in which Temasek participated do not appear to be accounted for.
In a fake display of contrition, Temasek management issued the following statement:
“The investment team and senior management, who are ultimately responsible for the investment decisions made, took collective accountability and had their compensation reduced.” It went on to say it was “disappointed with the outcome of our investment, and the negative impact on our rep
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