Michael Dee of Temasek Holdings attends a media briefing at the holdings’ headquarters in Singapore

Michael Dee, senior managing director international of Temasek Holdings, attends a media briefing to announce the holdings’ annual report at its headquarters in Singapore August 26, 2008. Sovereign fund Temasek, which pumped billions of dollars into Merrill Lynch and Barclays, said last year’s profit doubled in spite of the financial crisis due to the strong performance of its investments and on S$17 billion ($12 billion) in asset sales. REUTERS/Tim Chong (SINGAPORE)