CHIEF INVESTMENT OFFICERS of sovereign wealth funds are, by definition, a rare breed. Despite the $3 trillion to $4 trillion of global capital they manage between them, there are only about 40 such funds. Scott Kalb is something even rarer: a CIO who is not a national of the fund’s country. Kalb works at one of the newest sovereign funds, the Korea Investment Corporation, which was founded in July 2005 and only started putting money to work in November 2006.
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