Tag: LUHUT PANDJAITAN
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Danantara’s Investment Objectives Differ from INA’s, According to CIO
Danantara, the second sovereign wealth fund in Indonesia, led by CIO Pandu Sjahrir, is designed to complement INA without overlap. Managing $900 billion, it focuses on job creation and economic development, contrasting with INA’s $10 billion, which targets high-return investments. Danantara seeks to support the private sector and mitigate risks typical of venture capital, emphasizing…
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Prabowo’s Danantara Sovereign Wealth Fund Faces Governance Challenges
President Prabowo Subianto has launched Danantara, Indonesia’s new sovereign wealth fund, with $20 billion in initial capital. Analysts express concerns about the fund’s governance structure potentially hindering investor trust. The fund aims to consolidate state-owned enterprises, with new leadership appointments and significant asset management goals. Legislative changes further define the fund’s operation but raise apprehensions…