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View all search resultsThe Gates Foundation has pitched a strategic collaboration with Danantara Trust, the philanthropic arm of Indonesia’s state asset fund, which is being set up to manage endowments and channel charitable grants.
"The quarter has been impacted by significant market fluctuations. Our equity investments had a negative return, largely driven by the tech sector," Nicolai Tangen, head of the Norwegian sovereign fund, said in a statement.
Adopting at least four of the Santiago Principles, described as "the globally accepted standards for governance, investment and risk management practices for sovereign wealth funds" by the SWF international forum, will help ensure the independence, transparency and attractiveness of the nascent Danantara fund.
The President’s top adviser and brother has said several foreign investors have expressed interest in collaborating on national strategic projects in Indonesia's hydropower, geothermal and solar sectors alongside Danantara as coinvestor.
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