Saudi PIF strikes multibillion-dollar deals with top US asset managers

Saudi Arabia’s PIF, one of the world’s largest sovereign wealth funds with over $900 billion in assets, sits at the heart of Crown Prince Mohammed bin Salman’s economic transformation agenda. Saudi Arabia is in a race to secure more outside money to keep ambitious plans to diversify its economy on track. The country set itself a lofty target to attract $100 billion in annual foreign direct investment by the turn of the decade (Read more at Investing).