Tag Archives: barclays
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 […]
BofA’s asset management unit gets lukewarm bids: report
Reuters – Bank of America Corp’s primary investment management unit is drawing lower than expected bids after its likeliest suitor, BlackRock Inc, inked a blockbuster deal to buy Barclays Global Investor, the Financial Times reported, citing people close to the […]
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 […]
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 […]
Hedge funds to get $60 billion boost
Financial Standard – Pension funds around the world are expected to pump up their $547 billion hedge fund allocation by more than $60 billion before December as they look to balance assets and liabilities, new research shows. Hedge fund managers […]
Hedge-Fund Investors May Add $50 Billion in 2009, Barclays Says
Bloomberg – Hedge funds may increase assets by more than 8 percent this year as clients led by pension plans and rich families invest $50 billion of the cash they held while financial markets fell, according to a report by […]
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 […]
Fund managers poised for wave of consolidation
Reuters – Hedge fund and traditional money management firms hard hit by last year’s market meltdown are poised for a surge of mergers and acquisitions to bolster depleted assets and widen sources of revenue. "We’re going to see a massive […]
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 […]
Stability can help boost alternative investments
Business24-7 – Stability, and not necessarily an upward move by economies, would be enough to attract investors back to alternative investments such as hedge funds, says Dr Frank Gerhard of Barclays Capital. The crisis has made investors focus more on […]
