Khazanah’s “difficult things”
No pain, no gain?
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As we’re coming off a mid-week holiday, I guess the next best thing to do is… take a look at Khazanah Nasional.
The sovereign wealth fund released its annual eponymous report last week. I missed this as there were other fish to fry.
But since I have some spare time post-holiday, why not? I’m exaggerating on the “spare time”, of course.
True to form, the 2025 Khazanah Report provides positive headline figures. The last time the sovereign wealth fund reported a negative operating profit, was 2018.
So the trauma (and the lingerie jokes) that year are behind the fund and most probably forgotten.
But it’s becoming apparent that one segment under Khazanah’s investment isn’t firing the way it should.
And there’s something to said about the fund’s desire to play VC and early-stage patron.