Barclays Global Investors in record 73% profit rise

Barclays Global Investors, the investment management arm of UK bank Barclays, posted a 73% rise in pre-tax profits to £157m for the first six months of 2004 despite adverse foreign exchange movements affecting its US interests.

Its figures for the first six months of this year benefited from rise in investment management fees and commission and strong net new sales.

WSJ Logo
Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire