On Day 3 of FII7 - PIF Asset Management, Part 2

The discussion highlights the due diligence process of the Public Investment Fund (PIF) and its focus on selecting asset managers not only for investment returns but also for the development of the asset management industry. Transparency, compliance, and feedback are emphasized as crucial aspects of the due diligence process. The importance of local talent and the role of PIF in attracting global investors to Saudi Arabia and the MENA region are also discussed. Additionally, the document emphasizes the significance of stability, growth, and ethical practices in the industry, as well as the role of technology, particularly AI and machine learning, in investment decision-making. The PIF's role in supporting the growth and development of the asset management industry in the region is underscored.