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.
Tag: Saudi Arabia
Newsmakers
Fore: Wealthy Saudi Fund, Already Muscling Into Golf, Steps Up in Soccer, Too
Having bought a U.K. football club and lured major players, the kingdom fortifies its homegrown teams financially.
Newsmakers
BlackRock Signs Infrastructure Deal With Saudi Sovereign Wealth Fund
World’s largest asset manager and $620 billion fund will target Middle East projects.
Newsmakers
High Oil Prices Ahead … Again?
Crude prices leap as Saudi oil minister says cartel needs to cut back production.
Asset Management Culture
MBS Wants Saudi Arabia Fund to Reach $2 Trillion in Assets
The crown prince’s ambitious plan for the Public Investment Fund would change the kingdom’s dependence on oil while creating the world’s largest pool of institutional money, but questions remain.
Post-COVID, What’s on the World Scene That Could Muck Things Up?
Geopolitics will continue to roil the investment landscape for US investors, experts warn.
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.
Risk
Michigan Pension Fund Sues World Wrestling Entertainment
WWE lawyer calls accusations of insider trading by CEO Vince McMahon ‘entirely fictional.’
Market Moves
Petraeus: Saudi Arabia Is Running Out of Money
The former CIA chief says the oil company's upcoming IPO is needed to bridge the gap.
Alternatives
Top Canada Pension Plan Embraces Energy, Both Fossil Fuel and Not
CPPIB is plying the oil and gas sector for investment opportunities, as well as going into renewables.
When Will the Party Be Over for Oil?
Now the dominant energy source, despite the glamor of renewables, the day it will peak may be in 2050.
Alternatives
New York Continues Big Push into Infrastructure, Hand-in-Hand with Blackstone
Emerging markets, private equity get additional attention from one of the country’s largest pensions.
Newsmakers
NYC Comptroller Wants 3 Major Indexes to Ban Saudi Stocks
Scott Stringer says city’s five pension funds want to shun the kingdom following Khashoggi murder.
Market Moves
Will Saudi Arabia Be Next on MSCI Emerging Market Index?
Country placed on watch list based on the progress of its recent stock market reforms.
Saudi Arabia Sets Forth “Vision 2030” Economic Reform Agenda
Oil-rich nation seeks to diversify its economy and boost its private sector.