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Sovereign fund Danantara Indonesia names 'dream team' of former presidents, Sachs, Dalio and ex-Thai PM Thaksin


Published on 2025-03-24 03:20:51 - Reuters
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  • New sovereign fund Danantara Indonesia on Monday 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.

The article from Reuters discusses the establishment of Danantara, a new sovereign wealth fund in Indonesia, which has appointed a high-profile advisory board known as the "dream team." This team includes former Goldman Sachs President Gary Cohn, ex-U.S. Treasury Secretary Larry Summers, and former U.S. Ambassador to China, Max Baucus. The fund, backed by the Indonesian government, aims to invest in infrastructure, energy, and other strategic sectors to boost economic growth. The advisory board's formation is seen as a strategic move to enhance the fund's credibility and attract international investment. The article highlights the significance of this initiative in the context of Indonesia's economic strategy, especially as it seeks to leverage its natural resources and strategic location to become a key player in global trade and investment.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/sovereign-fund-danantara-indonesia-names-dream-team-former-presidents-sachs-2025-03-24/ ]
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