World & BusinessSaudi wealth fund reportedly weighs bigger fixed-income allocation and Pimco mandate
Pimco is said to be eyeing its first allocation from Saudi Arabia’s nearly trillion-dollar wealth fund, PIF, Bloomberg reports.
TLDR
Bloomberg reports that Saudi Arabia’s nearly trillion-dollar wealth fund, PIF, is considering increasing its allocation to fixed-income assets and awarding a mandate to Pimco. The investment manager is said to be eyeing its first allocation from the fund.
Saudi wealth fund reportedly weighs bigger fixed-income allocation and Pimco mandate
Pimco is said to be eyeing its first allocation from Saudi Arabia’s nearly trillion-dollar wealth fund, PIF, Bloomberg reports.
TLDR
Bloomberg reports that Saudi Arabia’s nearly trillion-dollar wealth fund, PIF, is considering increasing its allocation to fixed-income assets and awarding a mandate to Pimco. The investment manager is said to be eyeing its first allocation from the fund.