Many Americans may be familiar with the concept of sovereign wealth funds due to Saudi Arabia’s Public Investment Fund, which is nearing a deal to invest more than $1 billion in the PGA Tour.

Saudi Arabia’s Public Investment Fund is worth about $925 billion. A sovereign wealth fund is an investment fund owned and operated by a government. There are hundreds worldwide, according to ...

In a joint statement, commissioner Jay Monahan, Tiger Woods and Adam Scott say that having Trump involved "brought us closer to a final deal" with the Saudi sovereign wealth fund. By Alex Weprin ...