A nurse prepares to vaccinate health care workers at Singapore’s Gleneagles Hospital on January 19. Singapore’s sovereign wealth fund Temasek invested in BioNTech and has supported its efforts to develop a vaccine. Photo: Reuters A nurse prepares to vaccinate health care workers at Singapore’s Gleneagles Hospital on January 19. Singapore’s sovereign wealth fund Temasek invested in BioNTech and has supported its efforts to develop a vaccine. Photo: Reuters
A nurse prepares to vaccinate health care workers at Singapore’s Gleneagles Hospital on January 19. Singapore’s sovereign wealth fund Temasek invested in BioNTech and has supported its efforts to develop a vaccine. Photo: Reuters
Pauline Yeung
Opinion

Opinion

The View by Pauline Yeung

As Covid-19 crisis shows, sovereign wealth funds have a role that goes beyond providing money

  • Singapore’s Temasek is one of several government funds to go beyond their traditional mandate and fight the pandemic, not just by investing in the search for a vaccine, but also by supporting the production of medical goods
  • As Hong Kong prepares to launch its own Growth Portfolio, it needs to consider if there’s a larger firefighting role for public investors in a crisis

A nurse prepares to vaccinate health care workers at Singapore’s Gleneagles Hospital on January 19. Singapore’s sovereign wealth fund Temasek invested in BioNTech and has supported its efforts to develop a vaccine. Photo: Reuters A nurse prepares to vaccinate health care workers at Singapore’s Gleneagles Hospital on January 19. Singapore’s sovereign wealth fund Temasek invested in BioNTech and has supported its efforts to develop a vaccine. Photo: Reuters
A nurse prepares to vaccinate health care workers at Singapore’s Gleneagles Hospital on January 19. Singapore’s sovereign wealth fund Temasek invested in BioNTech and has supported its efforts to develop a vaccine. Photo: Reuters
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Pauline Yeung

Pauline Yeung

Pauline Yeung is programme director at the Asia Business Council. She began her career at Morgan Stanley and previously served as political assistant to Secretary for Financial Services and the Treasury in the Hong Kong SAR government. She is an arts enthusiast, a proud polyglot, and a keen observer of international affairs.