Temasek one of the world’s biggest sovereign-wealth funds, has frozen salaries amid coronavirus. : One of the world’s biggest sovereign-wealth funds has frozen the salaries of its employees and cut the bonuses of senior management as it comes to terms with the impact of the coronavirus outbreak. Singapore’s state-owned investment firm Temasek, which manages S$313 billion ($224 billion), said the freeze would start in April and its length would be determined by market conditions. The Dow Jones Industrial Average on Monday fell more than 1,000 points, and had its worst one-day percentage decline in over a year.