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PIF spends $200m in fees to diversify investment
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PIF spends $200m in fees to diversify investment
Expanding into new asset classes $800m to boutique companies Large economy is a draw Saudi Arabia’s Public Investment Fund is widening its reach into new asset classes and regions to diversify returns – and is paying big bucks to do so. The sovereign wealth fund disbursed more than SAR750 million ($200 million) in fees to licensed asset managers last year while channelling about SAR3 billion into boutique investment companies, Yazeed Alhumied, …
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