Indonesia’s new sovereign wealth fund

Egypt wants to move state-owned enterprises to its sovereign wealth fund, minister says
Egypt aims to move state-owned enterprises to be managed by the country's sovereign wealth fund, to maximise the return on state assets, Investment Minister Hassan El Khatib said on Wednesday.
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."
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.
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.
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.
Indonesia launches new multi-billion-dollar sovereign wealth fund
Indonesia on Monday launched a new sovereign wealth fund that will aim to manage state assets worth more than $900 billion as President Prabowo Subianto looks to turbo-charge growth in Southeast Asia's biggest economy.
Trump’s ‘Sovereign Wealth Fund’ Will Be A Disaster. Just Ask Malaysia
After decades of Washington telling Asia to improve economic fundamentals, it’s Asia’s turn to worry the U.S. is trashing its own.
New sovereign wealth fund launched
The country launched its new sovereign wealth fund Danantara, the latest initiative by President Prabowo Subianto to deliver on his ambitious economic growth target of 8% within his first term. Danantara, short for Daya Anagata Nusantara, will serve as an investment vehicle and holding company for state-owned entities (SOEs).
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Egypt plans to spur listings by moving state assets under wealth fund
Hassan El-Khatib said the government mandate has been clear to create a business environment that will allow the private ...
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Patrick J. Schena: U.S. sovereign wealth fund — idea to invest strategically, or giant opportunity for waste?
If President Donald Trump gets his way, then perhaps so. On Feb. 3, Trump issued an executive order calling for the creation ...
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 ...
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Abu Dhabi Sovereign Wealth Fund Stockpiles $436 Million in BlackRock Bitcoin ETF Shares
Mubadala Investment Company, the sovereign wealth fund for Abu Dhabi’s government, bought $436 million in Bitcoin ETF shares.
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Indonesia launches sovereign wealth fund to manage assets worth US$900 billion; initial budget to kickstart 20 ‘strategic projects’
Monday’s launch comes after Southeast Asia’s biggest economy saw a wave of student protests in major Indonesian cities last week as a result of the government’s budget cuts to fund President Prabowo ...
Qatar Investment Authority lures VC firms to Doha with $1B fund
The sovereign wealth fund deployed half of its $1 billion “Fund of Funds” program to help scale startups in Qatar and the ...
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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 ...
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1MDB drops US$248 million suit against Wolf of Wall Street producer: Lawyer
Malaysia's sovereign wealth fund 1MDB has withdrawn its US$248 million lawsuit against one of the producers of The Wolf of ...