Hedge Funds & Alternative Investments
Sovereign wealth
Uncategorized
Wealth and Asset Management
Saudi Arabia withdraws overseas funds
Saudi Arabia has withdrawn tens of billions of dollars from global asset managers as the oil-rich kingdom seeks to cut its widening deficit and reduce exposure to volatile equities markets amid the sustained slump in oil prices. The Saudi Arabian Monetary Agency’s foreign reserves have slumped by nearly $73bn since…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Financial Times