Help Wanted: Money Manager For A Louvre Endowment

“Eighteen banks, including UBS AG and JPMorgan Chase & Co., are competing for money-management business from an elderly, refined first-time client — the Louvre. The Paris museum, which opened to the public in 1793, says it is starting a U.S.-style endowment next month with the 175 million euros ($230 million) it received to set up an Abu Dhabi offshoot.”