Ray Dalio, Jeffrey Sachs has been used to advise the Indonesian sovereign wealth Fund during economic repercussions

Indonesia benefited from Bridgewateer Associates’ Ray Dalio And economic Jeffrey Sax To advise the new sovereign wealth fund amid concerns about its ruling. The stock market has decreased in Indonesia in recent months.

What happened: Wealth Fund in Southeast Asia, DanitaraThe Americans ’eyes as consultants on Monday, According to To financial times.

According to what was stated, investors are concerned about direct control of the fund by the president Prabowo Subianto It can endanger the safety of the fund from political intervention and transparency. DANANTARA unifies the state -owned banking, energy and communications companies, with a value of $ 900 billion, with the aim of investing $ 20 billion in minerals, artificial intelligence, energy and food.

Why do it matter: Many of the largest state -owned companies in Indonesia are owned by the public. The investor’s fears of governance contributed to a decrease in more than 12 % in Ishaares MSCI Indonesia Etand Edo Since Danitara announced in late February.

Dalio, the founder of Bridge, has long focused on his fund on the analysis of total economic factors. He is especially interested in rural debt and warned the countries of the countries of the side effects to carry a large debt burden. Dalio, who built Bridgewateer in one of the largest hedge boxes in the world, is an interesting option due to the investor’s fear of transparency.

Sachs, a professor at the University of Colombia, is noticeable for his constant support to expand relations with China. Dalio has urged investors to pay close attention to the country as a worthy competition in the United States comes at a time when China and the United States are competing for a greater impact in Southeast Asia, making their roles in shaping the Danitara strategy more important.

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