Barclays Staffing Up New Fund-of-Funds Biz

Feb 10 2006 | 9:27pm ET

Barclays Global Investors is looking to hire 20 people by yearend to staff its newly-created fund-of-hedge funds business, the BGI Alpha Management Group.

Tom Taggart, spokesman, said BGI, which is already one of the largest direct hedge fund managers with $13.5 billion in assets under management, decided to enter the fund-of-funds space because after conducting research, the firm felt it could utilize its quantitative and scientific approach to managing money to select external managers who could successfully deliver alpha.


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Publisher's Note

    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…