Saudi Central Bank Said to Pull Money From at Least Two Managers (opens original article in a new tab)

Saudi Arabia's central bank has withdrawn billions from at least two global asset managers, reallocating funds to higher-performing strategies and fixed income products.

• Saudi Central Bank withdrew billions from at least two global asset managers.
• The withdrawals included a multibillion-dollar redemption from a passive index-tracking fund.
• SAMA reallocated some funds to higher-performing strategies and fixed income products.