BGI wins the ETF round | Top marks for Goldman Sachs
UNTIL RECENT CHANGES of strategy, Barclays Global Investors and State Street Global Advisers seem to have followed a similar path. The world’s largest institutional fund managers, they have both built up about $1.4 trillion in assets under management, predominantly through their passive quantitative businesses. “It’s nearly impossible to say which one you would choose when they go head to head in a pitch for business for passive mandates,” says a consultant who prefers to remain anonymous. “They’re 10-ton gorillas that joust at the top.” Indeed, the power and size of BGI and SSgA is well illustrated by the refusal of any external consultant, not just this one, to comment on them on the record.
However, despite the similarities between BGI and...
