Officials at the newly acquired Barclays Global Investors (BGI) are making a bet that coming out fro...
Officials at the newly acquired Barclays Global Investors (BGI) are making a bet that coming out from the Barclays Capital umbrella and becoming an independent firm will help assets grow quicker. BlackRock and Barclays yesterday announced BlackRock had agreed to buy BGI in a cash and shares deal worth $13.5bn. The deal - which includes BGI's exchange traded fund platform iShares - will see Barclays take a 19.9% stake in the combined firm, which will be renamed BlackRock Global Investors. The combined firm will have assets under management in excess of $2.7trn and a combined workforce o...
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