From Fortune:
Sovereign wealth funds hang help wanted sign
Sovereign wealth funds are on the march again. Funds based on the export-happy Pacific Rim and in the oil-producing states of the Middle East have already made headlines with massive investments in struggling U.S. banks like Citi (C), Merrill Lynch (MER) and Morgan Stanley (MS). Now, reports FTAlphaville, the deep-pocketed state-run investment firms are accelerating their efforts to hire Western financial executives to help deploy their massive cash hoards. FTAlphaville says China Investment Corp. even wants to add Alan Greenspan to its board, presumably for the sake of name recognition and political contacts rather than advice on how to handle rising asset prices...MORE
