Dalio Philanthropies gives US$25m grant for new programme to train policymakers, investment professionals
Summary
The Dalio Sustainable Market Principles Program, which will commence its courses next year, is aimed at enhancing the capabilities and expertise of policymakers and asset managers, said WMI in a press release. Billionaire investor and philanthropist Ray Dalio, who has advised policymakers and Singapore’s sovereign wealth funds since the 1990s, gave a US$25 million grant to WMI for the new programme. Singapore Economic Development Board’s chairman, Dr Beh Swan Gin, said that the initiative "addresses the need for more and better stewards of financial capital in fast-growing Asia". Mr Dalio, the founder of hedge fund Bridgewater Associates, will chair a dedicated advisory board for the new programme, said WMI. The board will help guide the development of the programme and its curriculum and also include WMI’s chairman emeritus Ng Kok Song and other industry and public policy leaders.