Plans for Indonesian state fund whetting asset manager appetite
The country's planned sovereign fund is seen as a way to channel investment more efficiently and make local SOEs more efficient, but foreign asset managers could lose business to local players.
Indonesia’s planned state investment firm will be good for the local funds industry and corporate governance, but could take business away from foreign asset managers, according to a local executive.
Jemmy Paul Wawointana, chief investment officer at Sucorinvest Asset Management, also said the proposed sovereign entity would have a positive effect on the country’s state-owned enterprises (SOEs), encouraging more efficient management and reducing corruption among officials.
While…
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