BGI To Quit External Hedge Fund Biz?

Jan 22 2009 | 12:34am ET

Barclays Global Investors appears poised to quit the fund of hedge funds business.

BGI, the funds arm of Barclays, may give up on its plans to create an external fund of funds business in the U.K., Reuters reports. If it does abandon the effort, it is likely to transfer its AlpEx fund to Barclays Wealth Management.

“It just does not make sense to have two companies within the same family doing exactly the same thing,” a source familiar with the situation told the news agency.

BGI set up AlpEx in 2006 as the first step towards building an external hedge fund lineup. The firm had hoped to raise US$1 billion for the fund, which was aimed at institutional investors, within the first 18 months, but had collected only US$350 million by the end of 2007. It is BGI’s only fund of funds that invests in outside managers.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Compelling Opportunities In The Alternatives Space

Jul 29 2014 | 9:33am ET

In an environment where many asset classes seem expensive by historical standards...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note