SINGAPORE (July 4): Singapore sovereign investor Temasek is set to pounce on US deals and look for co-investments with private equity partners to offset its first annual decline in the value of its assets in seven years, bankers and people familiar with the strategy said.

Temasek, one of Asia's most active state investors, has seen its nearly 16% stake in London-based Standard Chartered drop 55% in value over the past financial year while its Asian investments have been hit by China's economic slowdown.

The 10% drop in sterling against the Singapore dollar that followed Britain's vote to leave the European Union has also depressed the value of the Standard Chartered stake.

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