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.
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.
Besides Danantara, Here Are 5 Largest Sovereign Wealth Funds in the World
Besides Danantara, these are the top largest sovereign wealth funds in the world based on the data published by Sovereign Wealth Funds Institute.
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.
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,
Why Sovereign Wealth Funds Are All the Rage in Southeast Asia
Not to be outdone, the Philippines created its own state-owned investment vehicle, the Maharlika Wealth Fund. After a few years of figuring out key details, such as how it would be structured and funded, Maharlika is now operational and preparing to make its first investment later this year.
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.
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 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.
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 ...
Channel NewsAsia Singapore3d
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 ...
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 ...
Putin appoints Russia sovereign wealth fund chief Kirill Dmitriev special envoy
President Vladimir Putin on Sunday appointed Kirill Dmitriev, the chief of Russia's sovereign wealth fund, as a special envoy ...
Channel NewsAsia Singapore6h
Committee of Supply 2025 debate, Day 1: Louis Chua on transparency of sovereign wealth funds
Singapore’s sovereign wealth funds are “falling short” when it comes to transparency, said MP Louis Chua in parliament on Friday (Feb 28). He noted that GIC does not share annual performance figures ...
Pensions&Investments2d
Middle East's ambitious growth plans, sovereign wealth funds put capital markets on the map
Ambitious economic development plans, growth of private credit markets, and sovereign wealth funds are putting the Middle ...
QIA evaluating eight new VC firms for inclusion in $1 billion 'Fund of Funds'
Qatar's sovereign wealth fund is evaluating eight venture capital firms to add to its "fund of funds" venture capital ...