Indonesia’s new sovereign wealth fund

Treasury Names Adviser to Help Plan US Sovereign Wealth Fund
Treasury Secretary Scott Bessent named a Wall Street and military veteran to advise on plans for a sovereign wealth fund, taking a further step toward fulfilling President Donald Trump’s idea for the US to join the ranks of nations with such assets.
America Needs a Sovereign Wealth Fund
Washington may not have a sovereign wealth fund, but almost half the U.S. states do. Indeed, the earliest precursor of a national sovereign wealth fund was established in the United States: in 1803, Ohio created a land trust to finance public education in the state.
Indonesia's new sovereign fund will run with commercial mindset, official says
New sovereign wealth fund Danantara Indonesia will focus on large-scale projects generating good returns as it prioritises sectors championed by the government to increase economic growth and create jobs,
How a US Sovereign Wealth Fund Would Work in Reality
A sovereign wealth fund often serves as a vehicle to invest a government’s budget surplus. The U.S. doesn’t have that luxury.
CIO of new Indonesian sovereign wealth fund outlines its aims and strategy
Pandu Sjahrir, CIO of Danantara, says the goal of the fund is to support "investors, global investors, to be able to invest safely in our country."
New Indonesia sovereign wealth fund to invest $20 billion in projects
Danantara Indonesia will invest $20 billion in a wide range of projects from metal processing to artificial intelligence, President Prabowo Subianto said.
South Korea sovereign wealth fund KIC returns 8.5% in 2024
Korea Investment Corp., Seoul, returned 8.5% in 2024, driven by strong gains on equity investments, according to a news release. KIC is South Korea's sovereign wealth fund, managing public funds entrusted to it by the national government and Bank of Korea.
Indonesia’s sovereign wealth fund may crowd out private sector
Danantara, the nation's newly established sovereign wealth fund, may end up stifling growth instead of fuelling it, analysts warn.
Opinion
How Trump’s sovereign wealth fund could solve a tax problem
Joseph Bankman is the Ralph M. Parsons professor of law and business at Stanford Law School. Mark P. Gergen is the Robert and Joann Burch D.P. professor of tax law and policy at the University of California at Berkeley School of Law.
Opinion
4 reasons why a US sovereign wealth fund is a bad idea
President Trump has issued an executive order to develop a plan for the establishment of a sovereign wealth fund, but this idea is not feasible as the federal government has no excess wealth and
Indonesia launches new multibillion dollar Danantara sovereign wealth fund
Indonesia's Prabowo officially establishes Danantara, which is modelled on Singapore's investment arm Temasek Indonesia on Monday launched a new sovereign wealth fund that will aim to manage state assets worth more than US$900 billion as President Prabowo Subianto looks to turbocharge growth in Southeast Asia's biggest economy.
Channel NewsAsia Singapore4d
Indonesia launches sovereign wealth fund to manage assets worth US$900 billion; initial budget to kickstart 20 ‘strategic projects’
At the launch of the Danantara fund on Feb 24, Indonesian officials also sought to address some concerns on transparency and ...
The Diplomat10d
Why Sovereign Wealth Funds Are All the Rage in Southeast Asia
In the absence of such reserves, the natural question is how will they fund their sovereign wealth funds? What, exactly, is the source of the wealth that these funds will be managing? Although ...
Saudi Wealth Fund’s Alat Unit Buys 15% Stake in TK Elevator
Alat, a unit of Saudi Arabia’s sovereign wealth fund, has bought 15% of TK Elevator and unveiled a joint venture that will ...
CityFibre shareholders to inject £500m in refinancing deal
Investors including the Abu Dhabi sovereign wealth fund Mubadala are in talks to provide equity financing that would be used ...
Why pension funds are buying bitcoin
Institutional adoption of bitcoin is growing, with sovereign wealth funds and pension funds now actively allocating capital ...
Meduza7h
Lead Russian negotiator welcomes Trump’s Oval Office argument with Zelensky. ‘Historic,’ says Kirill Dmitriev.
Kirill Dmitriev, chief of Russia's sovereign wealth fund and a lead negotiator in U.S.-Russian talks that took place earlier ...
The Jakarta Post19h
Danantara may crowd out private investment
The wealth fund is committed to optimizing the role of SOEs as the backbone of national development, contradicting President ...