Dollar
STRATEGIC ASSESSMENT. New sovereign fund Danantara Indonesia unveiled its “dream team” to chart its strategy, which included ex-presidents and advisory roles for hedge fund manager Ray Dalio, economist Jeffrey Sachs and influential former Thai premier Thaksin Shinawatra. Former Indonesian presidents Jokowi and Susilo Bambang Yudhoyono were named members of the fund’s steering committee, while Dalio, founder of the world’s largest hedge fund, Bridgewater, will assume the advisory role alongside Thaksin, a controversial billionaire and father of Thailand’s current premier, Paetongtarn Shinawatra. Danantara CEO Rosan Roeslani said that the selection of these individuals was based on their professional track record in the relevant fields and was free of political content. Analysts view the appointments as an attempt to address concerns over government interference, while cautioning that the fund’s success will hinge more on its execution than on the prominence of its board members. Danantara CEO Rosan Roeslani assured that all appointed Danantara executives would leave their previous positions to focus solely on their new roles. Rosan cited the example of Sanjay Bharwani, the appointed sovereign wealth fund’s human resources managing director, who has resigned from his previous role as Bester & Co. President Director. According to The World in Maps report, Danantara Indonesia ranks sixth among the world’s strongest sovereign wealth funds (SWFs), managing assets worth $983 billion. Unlike many other SWFs that rely on natural resources, Danantara Indonesia focuses on infrastructure, digital transformation, and sustainable development, a strategy that has attracted global investors seeking to capitalize on Indonesia’s rapid economic growth. Investment management agency Danantara CEO Rosan Perkasa Roeslani announced that U.S. investor Ray Dalio has officially joined the management structure of the sovereign wealth fund as an Advisory Board member. Dalio will serve alongside former U.K. Prime Minister Tony Blair, who was previously confirmed by Rosan. Investment management agency Danantara CEO Rosan Perkasa Roeslani announced that U.S. investor Ray Dalio has officially joined the management structure of the sovereign wealth fund as an Advisory Board member. Dalio will serve alongside former U.K. Prime Minister Tony Blair, who was previously confirmed by Rosan. Indonesia’s sovereign wealth fund, Danantara, is set to unveil its full organizational structure next week, which may include former presidents Susilo Bambang Yudhoyono and Jokowi on its advisory board, CEO Rosan Roeslani announced. “The President told us to choose the best people to join the Danantara team, there should be no favored persons, choose the best,” said Rosan. President Prabowo Subianto met with eight prominent business tycoons representing diverse sectors at the Presidential Palace in Jakarta. Citing the official Instagram account of the Cabinet Secretariat, the eight business figures are Anthony Salim (Salim Group), Sugianto Kusuma, also known as Aguan (Agung Sedayu Group), Prajogo Pangestu (PT Barito Pacific Tbk.), Garibaldi or Boy Thohir (PT Adaro Energy Indonesia Tbk.), Franky Widjaja (Sinar Mas Group), Dato Sri Tahir (Mayapada Group), James Riady (Lippo Group), and Tomy Winata (Artha Graha Group). Prabowo and the eight business leaders engaged in discussions regarding the government’s current key programs, including the free nutritious meal program, infrastructure development, the textile industry, food and energy self-sufficiency, industrialization, and the Daya Anagata Nusantara (Danantara) Investment Management Agency. Former Indonesian President Susilo Bambang Yudhoyono (SBY), on his X account called on the management of the Danantara investment management agency to address public concerns and provide assurances, noting doubts about benefits, governance, transparency, and accountability. He believes that Prabowo has good intentions and objectives in establishing Danantara, which is expected to strengthen long-term national investment, particularly in strategic sectors. He emphasized professional and transparent management, free from conflicts of interest.
