Seatown Holdings is an investment fund created by Temasek Holdings in February 2010. The fund will use a variety of different investment strategies including investments in bonds and stocks. Seatown's strategy will revolve around targeting absolute returns. The fund is expected to have several billions of dollars with a initial capitalization of $3 billion very likely.
This new fund will be up against another Temasek investment fund, Fullerton Financial Holdings. Fullerton has been focused on long term investments and acts more like a private equity fund rather then a hedge fund. Seatown will fit this role nicely.