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Danantara to start investing by the end of this month
Danantara chief investment officer Pandu Sjahrir said on Monday that the fund is ready to become a “liquidity provider” to Indonesia’s capital market.
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Ready to move: Danantara's chief investment officer Pandu Sjahrir (left), CEO Rosan Roeslani (middle) and chief operating officer Dony Oskaria (right) join hands for a photo at the management team announcement on Mar. 24 in Jakarta. (JP/Deni Ghifari)
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ndonesia’s sovereign wealth fund (SWF) Daya Anagata Nusantara (Danantara) has stated its readiness to make its first investment by the end of this month after it receives the first round of dividends from state-owned enterprises (SOEs) under its portfolio.
Danantara chief investment officer Pandu Sjahrir said on Monday that the fund is ready to become a “liquidity provider” to Indonesia’s capital market.
“So, the dividends will only start coming in at the end of this month. From there, where should we allocate the money to? Of course, the fastest first [option] is in the public market,” Pandu was quoted as saying by state-news agency Antara.
Pandu did not specify which instruments or sectors would be the focus, but stressed that the wealth fund would prioritize maximizing returns in investing and in the near future it would start weighing investment in strategic projects outside the capital market.
He said Danantara would be careful in placing funds, saying that the investment would be considered on a “case by case basis”, and that “what’s important is the return”.
Pandu revealed that Danantara is now in possession of the stocks of all publicly-listed SOEs that amount to 18 state-run companies.
He went on to say that “consolidating most of the [SOEs’] assets” was an important part of Danantara’s strategy.
