{"id":10813,"date":"2009-06-15T00:00:00","date_gmt":"2009-06-15T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"barclays-and-blackrock-passive-aggressive","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2009\/barclays-and-blackrock-passive-aggressive.html","title":{"rendered":"Barclays and BlackRock: Passive-Aggressive"},"content":{"rendered":"<p>Barrons &#8211; A big question surrounding BlackRock&#8217;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. <\/p>\n<p class=\"verdana\">The combined firm will have more than 9,000 employees in 24 countries. Barclays will retain a 19.9% stake in the firm, which will manage a combined total of $2.7 trillion in assets.<\/p>\n<p class=\"verdana\">&quot;For two large, successful asset managers, it&#8217;s never an easy task to integrate,&quot; says Charles Rauch, analyst at Standard &amp; Poor&#8217;s, which lowered its long-term credit rating on <span class=\"chartToolTip\"> <span class=\"verdana rolloverQuote\">BlackRock<\/span><\/span>&nbsp; a notch, to single-A-plus, citing &quot;real&quot; integration risk, among other things. However, some of the risk is mitigated by the fact that BlackRock and BGI have few overlapping operations, he adds.<\/p>\n<p><strong><a href=\"http:\/\/online.barrons.com\/article\/SB124484642528011175.html?mod=googlenews_barrons\" target=\"_blank\" title=\"Read Complete Article\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Barrons &#8211; A big question surrounding BlackRock&#8217;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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[13022,2410,523,4439,584,581,12690,5234,10302,13019,13021,3002,13024,13020,13023,1422,236],"class_list":["post-10813","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-active-one","tag-amp","tag-asset-managers","tag-assets","tag-barclays","tag-barclays-global-investors","tag-bgi","tag-credit-rating","tag-exchange-traded-funds","tag-integration-risk","tag-ishares-exchange-traded-funds","tag-management-group","tag-notch","tag-passive-management","tag-rauch","tag-stake","tag-trillion"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10813"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10813\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}