The exterior wall of the building's housing sovereign wealth fund, called Daya Anagata Nusantara or … More
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Dannan Tara Indonesia has appointed U.S. hedge fund manager Ray Dalio and Thai billionaires Thaksin Shinawatra Pay tribute to the Advisory Committee of the newly created sovereign wealth fund in Southeast Asian countries.
The fund will manage more than $900 billion in Indonesia's state-owned assets to invest in strategic industries such as renewable energy, advanced manufacturing and food production as President Prabowo Subianto gradually strives to increase the country's annual economic growth to 2029.
“On paper, the name looks good,” said Harry Su Su, managing director of Indonesia at Samuel Sekuritas. “But the most important topic remains governance. We have to wait until the end of this year to see if Denantara will get rid of political interference in its decision-making.”
Dalio, founder of Bridgewater, the world's largest hedge fund, will take on a consulting role Thaksin, A billionaire and former prime minister stayed for 15 years before returning to the country in 2023. He is the father of current Prime Minister Paetongtarn Shinawatra.
Thailand's GDP has expanded under Thaksin's leadership. “When we will invest in other ASEAN countries, he will give us a different perspective,” said Danantara CEO Rosan Roeslani.
Based on $2.1 billion in real-time net assets ForbesThaksin is estimated to own major real estate through interest in controlling SC assets. He is also interested in two UK-based medical technology startups, DNAnudge and Owlstone Medical.
Dalio has a net worth of $14 billion. Forbes' Real-time data. He founded Bridgewater in 1975 in his apartment in New York City. Today, the company manages approximately $112 billion in assets.
In addition to Dalio and Thaksin, Danantara has appointed former Indonesian presidents Joko Widodo and Susilo Bambang Yudhoyono as their advisory committees.
