$730 Billion Saudi Fund Hires Goldman, Point72 Executives for New York Unit

  • PIF had plans to hire team of about 50 for its New York unit
  • Fund invested about $10.8 billion in the Americas last year
The Public Investment Fund (PIF) tower in Riyadh, Saudi Arabia.Photographer: Maya Siddiqui/Bloomberg
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The US subsidiary of Saudi Arabia’s $730 billion sovereign wealth fund is hiring from Wall Street firms and top hedge funds to manage its growing portfolio of investments in the country.