"Sometimes we feel that we move at the speed of thought....funding in London, negotiations in Bangalore...nobody knows where the next deal will be....." - Temasek Recruitment Video.
Temasek Holdings hires 320 people and has offices around the world "seeking out opportunities", "taking concentrated positions". I always wonder why do they need to hire so many people to cut so many little deals all over the world - is it practical to do this? Shouldn't they just keep their equities investments simple by just investing in the best blue chips in each country instead of high risk positions such as ABC Learning, Global Crossing, startups in Silicon Valley? .... Can the resultant return/risk characteristics of their entire portfolio can be achieved by broad allocations in various asset classes?
Hiring 320 people to lose $58B just seems so downright inefficient to me.