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Fortune

Lionel Lim, Nicholas Gordon

Sovereign wealth funds are back in vogue as 'an extension of a country's industrial policy'

United States Donald Trump Joe Biden Danantara Indonesia Prabowo Subianto Sumit Agarwal Temasek Hong Kong Singapore

(Credit: Bay Ismoyo—AFP via Getty Images)

Sovereign wealth funds are becoming the hottest thing in global finance.

Indonesia launched its second state investment fund, the Daya Anagata Nusantara Investment Management Agency, or Danantara for short, earlier this week. The fund exists alongside the Indonesia Investment Authority, itself a relative youngster, only being launched in late-2020.

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