Rosan Roeslani denies Ray Dalio's withdrawal as adviser to Danantara
JAKARTA – Ray Dalio, founder of Bridgewater Associates and one of the most prominent figures in global investing, has reportedly backed out of his role as adviser to Indonesia’s Sovereign Wealth Fund, Badan Pengelola Investasi (BPI) Daya Anagata Nusantara, or Danantara.
The news comes only two months after the official announcement of Dalio’s appointment by this sovereign wealth fund (SWF) of Indonesia.
Citing unnamed sources, Bloomberg reported that Dalio has opted not to pursue the role, despite Danantara having announced his involvement in March alongside several high-profile business and political figures.
However, the news of Dalio's departure is strongly rebutted by Danantara CEO Rosan Roeslani. He said that he just met Dalio's son and team.
"Last week I just met his team, and his son, as well, Mark Dalio. The discussion went well," said Rosan at the Presidential Palace, Jakarta, Wednesday (28/5)
He also claimed to have had a Zoom Meeting with Ray Dalio as of recent. "No, no, there's none of that [news]," he said.
Rosan then further reaffirms Ray Dalio's participation in Danantara board.
During an investor presentation in Jakarta in May, Danantara’s advisory board was shown to comprise only four members—none of whom included Dalio.
The listed names were economist Jeffrey Sachs, retired fund manager Chapman Taylor, former Thai Prime Minister Thaksin Shinawatra, and former head of Credit Suisse Group AG for Asia, Helman Sitohang.
Dalio, through his spokesperson, declined to comment.
Jeffrey Sachs confirmed his role as a pro bono adviser, while Chapman Taylor referred to his involvement on his LinkedIn profile.
Kania Sutisnawinata, spokesperson for Danantara, stated that the institution is still finalising its business plan and did not provide an official explanation for Dalio’s absence from the presentation.
Dalio, as the founder of Bridgewater Associates, is globally renowned in the hedge fund industry. His firm manages USD 112 billion (approximately IDR 1,825 trillion at an exchange rate of IDR 16,300 per USD).
According to Forbes, Dalio’s net worth stands at USD 14 billion, or around IDR 228 trillion, placing him among the world’s wealthiest individuals. (DK/KR/ZH)