JPMorgan works to attract sovereign-wealth funds

06/30/2008 | Wall Street Journal, The

JPMorgan Chase is the latest Wall Street bank to appoint a team focused on the needs of sovereign-wealth funds, of which the market power is ballooning. John Moore, who led Bear Stearns' Asia unit, will head up JPMorgan's efforts in the sector. The bank estimates that sovereign-wealth funds' assets could top $9.3 trillion by 2012.

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