From Yahoo Finance: 2025-03-24 12:39:00

Ray Dalio, along with other prominent figures like Jeffrey Sachs, joins Indonesia’s sovereign wealth fund, Danantara, as special advisors. The fund, with over $900 billion in assets, aims to consolidate state-owned enterprises to boost GDP growth to 8% by 2029. Dalio’s expertise in Asian markets, especially China, adds value to the team.

Indonesian President Prabowo Subianto launched Danantara last month to manage $900 billion in assets. The fund plans to allocate $20 billion for 15-20 projects this year. Concerns over governance and political interference arise, prompting the appointment of experts like Ray Dalio and Jeffrey Sachs to reassure investors and stabilize the market.

Ray Dalio’s long-standing business relationships in China contribute to his expertise in Asian markets. With Chinese equities performing well, investors are shifting focus from Southeast Asian markets like Indonesia to China’s rebounding economy. Dalio’s involvement in Chinese markets over the past 40 years enhances his understanding and strategic approach to investments in the region.



Read more at Yahoo Finance: Ray Dalio, a China investment expert, will advise Indonesia’s new $900 billion sovereign wealth fund