By Kevin Lim and Saeed Azhar 2 hours, 34 minutes ago SINGAPORE (Reuters) - Singapore sovereign wealth fund Temasek Holdings (TEM.UL), which has pumped billions of dollars into ailing lenders such as Merrill Lynch & Co Inc (MER.N), said it may invest more in Western banks if the opportunity arose.The fund also said its assets rose 13 percent in the year to March, despite a sharp drop in equity markets that started in the fourth quarter of last year.
Chairman S Dhanabalan told Singapore entrepreneurs on Thursday that the fund had taken a 5-7 year view on its near-$6 billion investment in Merrill Lynch and described the U.S. broker as an institution with a good management and business.
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