Ray Dalio, founder of Bridgewater Associates, is joining Indonesia's sovereign wealth fund Danantara as a special advisor, enhancing its strategic ambitions. Announced alongside other notable advisors, Danantara aims to manage assets worth over $900 billion, starting with an initial investment of $20 billion. The fund's focus lies on high-impact industrial projects designed to stimulate job creation and national economic growth. Indonesian President Prabowo Subianto emphasizes the fund's role in transitioning the nation towards a more prosperous future, leveraging the expertise of advisors like Dalio to achieve these goals.
Dalio’s addition to Danantara brings a wealth of insights and experience to Indonesia’s ambitious plans for its sovereign wealth fund, aiming for significant national impact.
The creation of Danantara represents a strategic effort to bolster Indonesia’s economy by focusing on high-impact industrial projects that ensure long-term prosperity.
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