Barclays in private equity talks over iShares

Barclays is in talks with a US-based private equity firm over the sale of its iShares exchange traded fund business, ETFM has learned. It is understood the sale of its ETF arm - which has around £300bn in assets under management - could raise between £3bn-£5bn (US$4.2bn-$7bn). A source familiar with the situation said the negotiations are "far advanced" and that any deal will likely include "a lot of seller financing." But he also said that TA Associates and Hellman and Friedman - both private equity firms active in the fund management markets - were not involved. Market watchers sa...