JAKARTA -- American billionaire Ray Dalio, former Thai Prime Minister Thaksin Shinawatra and U.S. economist Jeffrey Sachs are among 22 prominent figures appointed to Indonesia's sovereign wealth fund, Daya Anagata Nusantara or Danantara, it was announced on Monday.
The appointments come as Indonesia's government struggles to reassure markets that its economic policies will deliver prosperity and that it will not meddle too much in the management of the 40 state-owned enterprises being transferred to the new entity that was launched last month. Indonesia's benchmark index fell as much as 4.7% on Monday before recovering some of its losses. Last Tuesday the index fell 7% before recovering. The rupiah is one of the worst performing Asian currencies this year.
