July 5, 2024
Funds

Saudi Wealth Fund’s Local Focus Worries Global Asset Managers

(Bloomberg) — As Saudi Arabia ratchets up efforts to reshape itself, the government’s looked to the Public Investment Fund to lead the way. But an increased focus on domestic projects like the $1.5 trillion Neom has global asset managers fretting that it will have less cash to spend abroad. While the fund plans to ramp

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