Sovereign wealth
Uncategorized
Saudi sovereign wealth fund PIF slashes exposure to Tesla
Saudi Arabia’s Public Investment Fund (PIF) has slashed its exposure to Tesla Inc, the Financial Times reported on Monday, citing people with direct knowledge of the matter, sending the electric car maker’s shares down 2 percent. The sovereign fund, with help from JPMorgan Chase, hedged most of its 4.9 percent…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Deal Street Asia