PIF unveils initiatives to support asset management industry

Logo of Public Investment Fund (PIF)

The Public Investment Fund (PIF) announced two initiatives to support the development of Saudi Arabia’s asset management industry.

The announcements, made at PIF’s inaugural Asset Management Forum, included the PIF Managers Gate Platform and the Portfolio Management Development Program., the fund said in an emailed statement to Argaam.

The PIF Managers Gate sees the launch of a new digital platform for collaboration between PIF and external fund managers. The portal will enable secure data sharing, improved communications, and the digitization of operational and investment due diligence processes. It will promote growth in the asset management ecosystem by exploring potential opportunities and facilitating PIF’s seamless collaboration with fund managers.

PIF also announced the Portfolio Management Development Program, a comprehensive educational program delivered in partnership with IE University, and sponsored by SNB Capital, that will provide financial market training of the highest quality to aspiring portfolio managers in Saudi Arabia. The program is dedicated to setting a high standard for portfolio management practices within the Saudi market and will play a crucial role in the development and advancement of financial markets in Saudi Arabia.