Asset Allocation
Saudi Arabia’s SWF Seeds State Street Bond ETF With $200M
The exchange-traded fund tracks the performance of the J.P. Morgan Saudi Arabia Aggregate Index.
Tag: Saudi Arabia’s Private Investment Fund (PIF)
Asset Allocation
NASCAR Considering Ban on Investment Stakes From Sovereign Wealth Funds
New charter agreements could also include rulings on private equity stakes, per reports.
Asset Allocation
Saudi Arabia’s Public Investment Fund Was Biggest Spender Among Peers in 2023
This sovereign wealth fund invested $31.6 billion last year, the highest of all SWFs, according to Global SWFs annual report.
Asset Allocation
Saudi Arabia’s Sovereign Wealth Fund Acquires 10% Stake in Heathrow Airport Owner
The deal includes French private equity firm Ardian acquiring a 15% stake in FGP TopCo, leaving the Qatar Investment Authority as the largest shareholder.
Pensions
Saudi Arabia’s PIF Reports $16.5B Loss in 2022
Despite the loss, the fund’s AUM grew to approximately $595 billion thanks to a 4% share transfer from Saudi Aramco.
Newsmakers
NBA Approves Institutional Investors’ Passive Ownership Stakes in Teams
Investors including pension funds, sovereign wealth funds and endowments can own passive stakes in NBA franchises, following a 2020 decision to welcome private equity firms.
Alternatives
‘Zero Cars, Zero Streets’: Saudis Hatch a Plan for Future City Living
Backed by the state sovereign wealth fund PIF, the idea to build a carbon-free city called ‘The Line’ at business hub NEOM was unveiled by the crown prince.