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 told shareholders the bank was in the final days of consultation about controversial changes to its pension plan for UK staff, and could make changes to alleviate concerns and head off the threat of a strike.

Read Complete Article

Tags: asset-manager, barclays, barclays-global-investors, consultation, controversial changes, marcus agius, new york times, pension changes, pension plan, protest, shareholders, uk staff

Hedge Funds Review – A majority of all assets under management (AUM) by hedge funds and funds of hedge funds globally are from institutional investors, according to the Alternative Investment Management Association (AIMA).

One third of the AUM comes from institutional investors now come from pension funds.

The AIMA research defines institutional investors as pension funds, university endowments, foundations and governmental authorities. The figures were produced by AIMA’s research department and are based on extensive consultation with the association’s members.

Read Complete Article

Tags: aima, alternative-investment-management-association, assets-under-management, aum, consultation, endowments, foundations, funds of hedge funds, governmental authorities, institutional-investors, investment management association, pension-funds, university endowments