Barclays Global Investors

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Barclays Global Investors is an investment management subsidiary of U.K.–based Barclays Bank. It is the largest corporate money manager in the world, with over £1.04 trillion (US$2.08 trillion) under management as of October 2007.[1] The division is headquartered in San Francisco[1], and also has research and portfolio management teams in London, Sydney, Tokyo, Toronto and other cities, as well as client service offices in several additional major financial centres in Europe, North America and Asia [2].

The firm's chief executive is Blake Grossman.

Contents

[edit] History

Barclays Global Investors began as units of Wells Fargo Nikko and Barclays Bank which merged in 1996. It invented the first passive index investing strategy for major institutional investors under the leadership of Frederick L. A. Grauer. Later, it went on to help pioneer the exchange-traded fund business (through its iShares brand), which is a security that can be traded at any time, and whose value is based on the value of a basket of stocks, bonds or commodities. ETFs can give tax advantages and intraday trading mechanical benefits that other products such as mutual funds do not. Since the economics of indexed fund management are heavily influenced by economies of scale, Barclays grew to be the largest asset managing company in the world.

Since 2000, Barclays Global Investors' active fund management business has grown significantly, to the point where it accounted for approximately 50% of the firm's revenue in 2006.

Because the company is the largest asset manager, it is also the largest privately-held beneficial owner of companies in the world.

[edit] References

  1. ^ a b BGI site "About us" page, as of December 2007
  2. ^ BGI site "Locations" page, as of August 2006

[edit] See also

[edit] External links

v • d • e
Barclays plc
Brands:
Barclaycard • Barclays Capital • Barclays Global Investors • iShares • The Woolwich • Absa (South Africa)
Corporate Directors:
Marcus Agius(Chairman) • John Varley • Naguib Kheraj • Paul Idzik • Gary Hoffman • Robert Diamond • Frits Seegers • Sir Nigel Rudd • Fulvio Conti • Sir Richard Broadbent • Richard Leigh Clifford • Dame Sandra Dawson • Sir Andrew Likierman • Stephen Russell • Sir John Sunderland • Danie Cronjé
Annual Revenue: ▲£17.3 billion GBP (2005) · Employees: 113,300 · Stock Symbol: LSE: BARC · Website: www.barclays.com
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