Saudi PIF Funnels 2020 Year End North American Direct Investments in Gaming, Gold, and Healthcare
Posted on 02/16/2021
Saudi Arabia’s Public Investment Fund (PIF) shifted some of their direct investments in North American stocks before the end of 2020. Among other listed companies, PIF revealed sizeable stakes in Take-Two Interactive Software, Inc., Activision Blizzard, and Electronic Arts Inc.
When COVID-19 started to spread fast in 2020, PIF moved quick to acquire stakes in blue chip companies globally, including oil companies and cruise lines. PIF had sold off many U.S. equity positions by the third quarter of 2020.