Indonesia’s Danantara shifts to investment phase, targets 7% returns
Some early gains could emerge from investments in bonds and equities, says a key executive
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[JAKARTA] Indonesia’s sovereign wealth fund Danantara is entering a new phase of capital deployment after spending its first year building governance and institutional structures, with the fund targeting at least a 7 per cent return on investments, its chief investment officer said.
In an interview with The Business Times, Pandu Sjahrir said the fund is entering what he described as a “year of deployment”, after laying the groundwork needed to operate as a long-term state investor.
He added that the past year for the fund was largely focused on establishing governance, recruiting talent and building operational systems.
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