Indonesian Wealth Fund names Dalio as an informal advisor.

Indonesian wealth fund Danantara announced that Ray Dalio will serve as an informal advisor to the fund's leadership and president Prabowo Subianto. The fund stated in a public announcement on Wednesday that the founder of Bridgewater Associates will be serving as an informal advisor voluntarily and without compensation. The fund stated, "Over the past year, Danantara has greatly benefited from Ray Dalio's expertise and guidance," and added that Dalio "remains a strong supporter of the fund's mission."