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.
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. Egypt has been divesting state assets under a programme to boost the role of the private sector,
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.
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.
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.
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).
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
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 ...
An American sovereign wealth fund is risky, but not crazy
We can make sense of the sovereign wealth fund if we adopt a fundamentally different perspective on the role of American ...
Elliott’s Paul Singer gives rare interview. Here’s what he said about markets, crypto and AI.
The state of stock markets today are just about as risky as I have ever seen,’ says billionaire investor Paul Singer, in a ...
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After the Bell: Are sovereign wealth funds the Bond villains of global finance?
What intrigues me about the funds is the way they affect stock markets around the world. My guess is that they are so large, ...
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Disappointing start to 2025 for Indonesia’s new capital
Indonesia’s faltering, $35bn plan to build a brand new capital city on the island of Borneo started 2025 with a reduction in ...
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 ...
Seeking Golf Deal, Trump Meets With Tiger Woods and Saudi Wealth Fund Chief
The president has been agitating recently to repair the divide between the PGA Tour and LIV Golf that has shadowed ...
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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 ...