IT CAN’T BE easy being a fund manager in the Barclays group. In the investment world Barclays Global Investors is huge. But in the context of the bank it’s small fry.
Last year, when a lot of investment houses were struggling, BGI’s profits were up 41%. It made £110 million. But the group’s investment bank, Barclays Capital, made £593 million and pre-tax profits of the group as a whole were £3.2 billion.
In the previous year BGI made £71 million out of group profits of £4.1
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