Ray Dalio says no to Danantara advisory role, Bloomberg reports - Regulations - The Jakarta Post
Ray Dalio's Rejection of Danantara Advisory Role
Bloomberg reported that Ray Dalio, a prominent hedge fund manager, has withdrawn from his planned advisory role with Indonesia's state-owned asset management fund, Danantara. The decision comes two months after the Indonesian government publicly announced his involvement.
Reasons for Withdrawal Remain Unknown
The article does not provide specific reasons for Dalio's withdrawal. His name was absent from a recent Danantara presentation given to foreign business executives in Jakarta.
Danantara's Current Advisory Board
The current members of Danantara's advisory board, as reported by Bloomberg, include Jeffrey Sachs, Chapman Taylor, Thaksin Shinawatra, and Helman Sitohang.
Danantara's Ambitions and Skepticism
Established by President Prabowo Subianto, Danantara aims to consolidate state-owned enterprises (SOEs) and manage national investments. However, the article notes that analysts and investors have expressed concerns about the fund's strategy and risk management, particularly in the context of global economic volatility.
Danantara's Leadership Team
Danantara's leadership includes Rosan Roeslani as head, Dony Oskaria as chief operating officer, and Pandu Sjahrir as chief investment officer.
H
edge fund titan Ray Dalio has opted not to join the advisory board of Indonesia’s state asset fund Danantara two months after the government publicly announced his involvement, Bloomberg reported on Wednesday, citing sources familiar with the matter.
The reasons behind his decision remain unclear.
Dalio’s name was nowhere to be found in a recent Danantara slide presentation shown to foreign business executives in Jakarta, according to the report.
The updated lineup only included economist Jeffrey Sachs, former Capital Group equity portfolio manager Chapman Taylor, ex-Thai Prime Minister Thaksin Shinawatra and former Credit Suisse CEO Helman Sitohang.
The decision would be a setback for Danantara, envisioned by President Prabowo Subianto as a superholding to consolidate all state-owned enterprises (SOEs) and a national investment management firm akin to Singapore’s Temasek.
Launched in February, Danantara is headed by Investment and Downstream Minister Rosan Roeslani, with Deputy SOEs Minister Dony Oskaria as chief operating officer and entrepreneur Pandu Sjahrir, a nephew of National Economic Council chairman and former coordinating minister Luhut Pandjaitan, serving as chief investment officer.
Prospects
Every Monday
With exclusive interviews and in-depth coverage of the region's most pressing business issues, "Prospects" is the go-to source for staying ahead of the curve in Indonesia's rapidly evolving business landscape.
Sign Up
Despite the fanfare of the launch, skepticism lingers. Analysts and investors have repeatedly called for greater clarity on the fund’s strategy and risk management, especially amid a volatile global economic environment.
Was this article displayed correctly? Not happy with what you see?
If you often open multiple tabs and struggle to keep track of them, Tabs Reminder is the solution you need. Tabs Reminder lets you set reminders for tabs so you can close them and get notified about them later. Never lose track of important tabs again with Tabs Reminder!
Try our Chrome extension today!
Share this article with your
friends and colleagues.
Earn points from views and
referrals who sign up.
Learn more
Save articles to reading lists
and access them on any device