As sovereign wealth funds are increasingly deployed as geopolitical tools, Indonesia’s new state-backed vehicle is setting itself apart by operating with transparency and professional discipline, according to one of its top executives.
Pandu Sjahrir, chief investment officer of Danantara Indonesia, said the sovereign wealth fund was being run for profit rather than politics, even as governments around the world tapped heavily into such stashes to pursue strategic goals.
“In the new geopolitical…
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