October 30, 2019 (Riyadh)
A recent article on Asharq Al-Awsat reported that a number of officials from the world’s sovereign funds who participated in the 3rd Future Investment Initiative (FII) in Riyadh, said that their funds were seeking to diversify their investments to distribute the risks.
Khalid Al-Rumaihi, chief executive of Bahrain’s Mumtalakat Holding Company, was quoted saying that he expected the company’s investments in alternative investments to increase to 30% by 2031.
The article went on to note that a number of FII participants stressed that the transition to alternative investments, including significant investments in commodities and technology companies, would constitute a large part of the investment portfolios in sovereign funds, underlining a trend to hold partnerships with family businesses.
Read the original article on Asharq Al-Awsat: Sovereign wealth funds target alternative investments