Financial Times FT.com

Sovereign wealth funds raise pay levels to attract top executives

By Martin Arnold in London, Henny Sender in New York and,Jamil Anderlini in Beijing

Published: January 4 2008 02:00 | Last updated: January 4 2008 02:00

Sovereign wealth funds are struggling to attract top-notch executives to help deploy their investments and are having to offer more generous remuneration and hire headhunters to remedy the problem.

Financial sector specialists believe the more aggressive tactics will help SWFs poach some of the most talented executives from western private equity and investment firms.

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