(Reuters) -Singapore's Temasek Holdings said it cut compensation for the team that recommended investing in the now-bankrupt FTX cryptocurrency exchange and for senior management, as they take "collective accountability" for the failed investment.
The cuts were disclosed in a statement on Monday, a rare announcement for sovereign funds whose investment decisions and compensations are not public knowledge. The move comes around six months after Temasek initiated an internal review of its investment in FTX, which resulted in a writedown of $275 million.
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