Chief Investment Officer Pandu Sjahrir said the fund expects to begin allocating capital as early as next month or during the next quarter. The initial phase is expected to involve three to four hedge fund managers, each overseeing separately managed accounts of at least $250 million, with average allocations expected to be around $500 million per manager. Sjahrir said the fund favours a concentrated approach rather than spreading assets across a larger roster of firms. The planned hedge fund allocations represent the latest step in expanding the fund’s alternatives portfolio. Alongside expanding its investment programme, Danantara is also evaluating the establishment of its first European office, with a decision on location expected within the next year.