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U.S. hedge fund Tiger Global sells entire stake in Barclays

(Reuters) – U.S. hedge fund Tiger Global Management has sold its entire stake in Britain’s Barclays Plc, the Financial Times reported on Sunday. The hedge fund, which had a stake of about 2.5 percent in the bank, began reducing its holding last summer before selling the entire stake earlier this year, the report on.ft.com/2DRKvnB said, citing people familiar with the matter. The hedge fund had invested more than $1 billion in Barclays and built a stake of about 2.5 percent in November 2017, the FT had reported early last year.

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