Paulson praises sovereign fund investments

Treasury Secretary Henry Paulson Jr. today said investment from sovereign wealth funds “is a good thing.” “We want investment from sovereign wealth funds,” Mr. Paulson said at the Council of Institutional Investors conference in Washington. “I’m for open markets. I believe we’ve benefited from being open to trade, open to investors. We welcome investors to our financial system. I think it’s the highest vote of confidence of sovereign wealth funds to make investments here.”