Northern Trust AM and PIF Expand Partnership with New Saudi Investment Strategy
Northern Trust Asset Management (NTAM) and Saudi Arabia's Public Investment Fund (PIF) are deepening their collaboration through a new systematic quantitative investment strategy targeting the Saudi equity market. The initiative, announced at the PIF Asset Management Forum during Riyadh's Future Investment Initiative, builds on a May 2023 MoU for a potential $1 billion Saudi index strategy.
The quantitative approach combines data science, alternative datasets, and factor models to identify alpha opportunities in Saudi equities. This aligns with PIF's role as a catalyst for Saudi capital market growth and NTAM's long-term commitment to the region's financial ecosystem development.