Ray Dalio, founder of hedge fund giant Bridgewater Associates, has reaffirmed his ongoing role as a voluntary adviser to Indonesia’s sovereign wealth fund, Daya Anagata Nusantara (Danantara), following speculation over his possible departure.
In a joint statement issued on Wednesday (Jun 4), Dalio and Danantara clarified that there has been no change in their partnership. Dalio will remain an informal, unpaid adviser to both the fund and Indonesian President Prabowo Subianto.
“I remain a strong supporter of Danantara Indonesia’s mission,” Dalio said. “My commitment to advise its leadership and President Prabowo remains unchanged – informal, voluntary and unpaid.”
His comments followed media reports suggesting that he may have distanced himself from the fund amid ongoing restructuring within Indonesia’s investment ecosystem.
While unconfirmed, the speculation had stirred questions about Danantara’s strategic direction and international credibility, underscoring the weight of Dalio’s involvement in lending confidence to the relatively young institution.
Since its inception in February 2025, Danantara – tasked with mobilising long-term investments into priority sectors such as infrastructure, renewable energy and digital transformation – has drawn on Dalio’s strategic insights to help shape its institutional vision and global positioning.