In the year ending in March, portfolio of Temasek Holdings slipped by nearly $27 billion, or more than a fifth; however, it will remain associated with banks as it foresees opportunities in food and energy.

Wednesday saw Temasek chief executive Ho Ching specifying in a speech at the Institute of Policy Studies in Singapore that they are certainly not happy with the negative wealth added in March last year as well as March this year.

In spite of this, some of its initial losses - which it suffered during the height of the financial crisis - have been recovered by Temasek.

It was revealed by Temasek last week that it since Mr. Goodyear had differences over strategy, it was bidding goodbye to him, less than six months after picking him to be its first foreign chief executive.

Ms. Ho concluded: "The sovereign wealth fund will keep its portfolio exposure to Asia at 70 percent or more. We continue to anticipate opportunities, not just within Asia, but also in Latin America and elsewhere, too."