LONDON: Some of the biggest names in global fund management will descend on Riyadh next week to attend a keenly anticipated conference hosted by Saudi Arabia’s Public Investment Fund.
It will bring together the heads of sovereign wealth funds with leaders of major asset management firms, including Larry Fink, CEO of BlackRock and Leon Black, chairman and CEO of Apollo Global Management.
The combined total of assets under management controlled by the speakers at the event totals $22 trillion, according to a statement from PIF.
The invitation-only ‘Future Investment Initiative’ event will take place from Oct 24 to 26.
Topics due to be discussed include how investors can meet with environmental, social and transparency requirements while still finding the best returns on investment.
Over the past five years, sovereign wealth funds have shifted the focus of their investment strategy away from foreign government bonds and towards the private sector, PIF said in a statement.
They have also ‘significantly’ increased their exposure to emerging markets, the fund said.