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flag Indonesia launches Danantara, a sovereign wealth fund led by high-profile figures, aiming to manage over $900B by 2029.

flag Indonesia's new sovereign wealth fund, Danantara, has a high-profile team including former presidents Joko Widodo and Susilo Bambang Yudhoyono, economist Jeffrey Sachs, and hedge fund manager Ray Dalio. flag Danantara aims to manage over $900 billion in assets by 2029 and will focus on projects related to natural resources, AI, and energy and food security. flag The fund's formation has sparked concerns about increased state control over the economy.

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