The hedge fund Farrow Management has returned nearly $ 300 million it had been managing previously, to SAMA, according to information revealed by Bloomberg, and a spokesman declined to The fund, which managed $ 9.7 billion at the end of January, has no comment, and the representative of the Saudi Arabian Monetary Agency has not responded.

The state-owned investment companies in Saudi Arabia are one of the largest sources of capital for asset managers around the world, and we mean those companies that have huge cash liquidity and are eager to achieve returns that will help In offsetting the effects of low oil, on the oil-rich economy.

It is reported that, the only Farrow hedge fund that refuses to manage Saudi money, and this decision comes at a time when the industry worth $ 3 trillion finds itself mired in a fierce battle To attract capital, as investors revolt against high fees and modest returns, according to EVESTMENT data, clients withdrew $ 37.2 billion from hedge funds in 2018.

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