The Public Investment Fund (PIF) announced earlier today the acquisition of a 30% stake in Masdar for Building Materials Co. (Masdar), a leading local ...

Sovereign wealth funds invest state or government money. They’re typically created from budget surpluses or revenues from oil ...

Many Americans may be familiar with the concept of sovereign wealth funds due to Saudi Arabia’s Public Investment Fund, which is nearing a deal to invest more than $1 billion in the PGA Tour.

Saudi Arabia’s Public Investment Fund is worth about $925 billion. A sovereign wealth fund is an investment fund owned and operated by a government. There are hundreds worldwide, according to ...

In a joint statement, commissioner Jay Monahan, Tiger Woods and Adam Scott say that having Trump involved "brought us closer to a final deal" with the Saudi sovereign wealth fund. By Alex Weprin ...