Dalio Philanthropies gives US$25m grant for new programme to train policymakers, investment professionals

Share this contentSINGAPORE: Wealth Management Institute , a non-profit educational and research institute, announced on Wednesday that it will launch a programme to train policymakers and investment professionals on universal principles of market behaviour.

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. “I have known Singapore for many decades and have had the privilege of seeing this country develop into a globally-admired example of wise governance and management of public investments," said Mr Dalio.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.

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