Ray Dalio joins Indonesia's $900 billion sovereign wealth fund as special advisor.

From Yahoo Finance: 2025-03-25 13:56:00

Ray Dalio, founder of Bridgewater Associates, is joining Indonesia’s sovereign wealth fund, Danantara, as a special advisor. The fund aims to manage over $900 billion, focusing on national industrialization. Indonesian President Prabowo Subianto launched Danantara last month with a $20 billion initial investment budget. Investor concerns over governance have contributed to a slump in Indonesia’s stock market, with the Jakarta Composite Index down 12% in 2025. Foreign investors have pulled over $2 billion from the market. Dalio’s involvement comes as the fund faces scrutiny over transparency and governance.



Read more at Yahoo Finance: advising an upstart $900 billion fund