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Indonesia Wealth Fund Boards Get $5 Million as Funds Stay Idle.

Authors :
Aditya, Arys
Dahrul, Fathiya
Source :
Bloomberg.com; 12/3/2021, pN.PAG-N.PAG, 1p
Publication Year :
2021

Abstract

INA, as the fund is known, signed its first $3.75 billion deal in May with pension funds Caisse de dépôt et placement du Québec and APG Asset Management as well as Abu Dhabi Investment Authority to set up its first infrastructure-focused investment consortium. (Bloomberg) -- The board members of Indonesia's new wealth fund are set to be paid more than $5 million while leaving the fund's assets idling in deposit accounts for the first six months of the year. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
153931858