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BlackRock to Buy Barclays Global Investors
BlackRock said Thursday night that it had agreed to acquire Barclays Global Investors from the British banking giant Barclays for more than $13 billion in one of the largest deals in the money management industry, creating a juggernaut with nearly $3 trillion in assets.
BlackRock to Acquire Stake in Barclays Unit
BlackRock to Acquire Stake in Barclays Unit
nytimes.com — said Thursday night that it had agreed to buy Barclays Global Investors from the British banking giant... Barclays for about $13.5 billion in one of the largest deals in the money management industry, creating a juggernaut with nearly $3 trillion in ... (more) BlackRock to Acquire Stake in Barclays Unit
Know what you own, redux
abnormalreturns.com — The ETF Industry The ETF business, nee industry, is exactly that, a business. As of April 2009... the Investment Company Institute calculated the nation’s exchange traded funds (or ETFs) had some $530 billion in assets under management. As a ... (more) Know what you own, redux
FT.com / Lex / Financial services & property - BlackRock / Barclays Global Investors
ft.com — Buy assets, cut costs, rinse and repeat. BlackRock’s desire to grab Barclays Global Investors to create a... mammoth fund manager with some $2,800bn in assets feels familiar. In 2006, the then rather low-profile bond manager doubled its size with the ... (more) FT.com / Lex / Financial services & property - ...
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Friday links: ETF excess
Abnormal Returns — Blackrock-BGI is a done deal.  (DealBook, 24/7 Wall St., Economist) Is the combined Blackrock too big for its own good?  (IndexUniverse, ibid) Is the top now in for the ETF business?  (Howard Lindzon) Using call options on the oil tanker stocks as “super high-beta plays on oil.”  (Barron’s) Some weird stuff is going on with the ...

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