Tag Archives: barclays-global-investors


Barclays investors seal BGI deal

The New York Times – Barclays shareholders overwhelmingly approved the bank’s sale of asset manager Barclays Global Investors to BlackRock for about $14 billion (8.3 billion pounds) on Thursday, but staff staged a protest against pension changes.Barclays chairman Marcus Agius […]

Barclays and BlackRock: Passive-Aggressive

Barrons – A big question surrounding BlackRock’s $13.5 billion purchase of Barclays Global Investors, including its iShares exchange-traded-funds business, is how effectively a passive management group can work with an active one. The combined firm will have more than 9,000 […]

Hedge Fund BlackRock Buys Barclays, $2.8 Billion In Commitments From Investors

West Palm Beach (HedgeCo.net) – BlackRock, Inc. announced the purchase agreement to acquire Barclays Global Investors, including its market-leading ETF platform, iShares, from Barclays PLC. “We are incredibly excited about the potential to significantly expand the scale and scope of […]

BGI deal flags institutional bank, fund arm split

Forbes – Consolidation in the asset management industry is set to intensify as encroaching regulation and client demands for independence force banks to hive off fund arms, Barclays said on Friday. Major investment banks were finding it ever harder to […]

BlackRock In Talks For Largest Global Hedge Fund Transaction On Record

West Palm Beach (HedgeCo.net) – BlackRock, Inc. confirmed that negotiations are ongoing with U.K.’s third-largest bank, Barclays Bank plc, about the potential purchase of Barclays Global Investors (BGI), including the iShares business. “The discussions are not yet concluded and there […]

Barclays in talks with BlackRock on BGI sale

Financial Post – Barclays PLC, the U.K.’s third-largest bank, is in talks with BlackRock Inc. and other bidders to sell its asset management division for more than US$10-billion. BlackRock, the world’s biggest publicly traded asset manager, is the leading contender […]

Brevan Howard Tops Alpha’s List of Best 50 Hedge Funds in Europe

West Palm Beach (HedgeCo.net) – Alpha Magazine unveiled the 2009 Europe Hedge Fund top 50, showing that that Europe was not immune to investor angst over hedge funds. A wave of investor withdrawals shapes the magazine’s annual ranking of the […]

Barclays to sell iShares business to CVC Capital for $4.4 billion

Banking Business Review – The board of directors of Barclays has entered into an agreement for the sale of its iShares business to Blue Sparkle, a new limited partnership established by CVC Capital Partners, for a total consideration of approximately […]

Renaissance hires new CEO for institutional business

Reuters – Renaissance Technologies LLC, the multibillion dollar hedge fund known for delivering top returns by relying on complicated computer models, hired a new president and chief executive officer for its institutional business. The fund firm, which manages roughly $20 […]

US Hedge Fund to Manage $88 Billion in UK Outsourcing Funds

West Palm Beach (HedgeCo.Net)- Leading UK investment manager, Hermes Fund Managers Limited (Hermes), announced the appointment of US hedge fund manager Northern Trust, to provide middle office outsourcing fund administration and custody. With an anticipated £23 billion ($45 billion) in […]

Man Group Invests in Weather and CAT Bond Company

West Palm Beach (HedgeCo.Net)- Man Group has agreed to pay $50 million for a 25% stake in Nephila Capital, an alternative investment manager specializing in insurance-based instruments such as insurance linked securities, catastrophe bonds, insurance swaps and weather derivatives. The […]

Stanley Fink Retires From Man Group

West Palm Beach (HedgeCo.Net)- Man Group announced the retirement of hedge fund magnate Stanley Fink, who will not be seeking re-election as Chairman. He stepped down from Chief Executive in April of last year to become Deputy Chairman. Fink joined […]

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