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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?


To: GraceZ who wrote (3766)12/3/2001 6:46:13 PM
From: AhdaRead Replies (1) | Respond to of 24758
 
Wells Fargo dumps Barclays
Moves $1.9 billion in assets to affiliate
By Aric Egmont, InvestorForce.com
Last Update: 12:11 PM ET Dec. 3, 2001




SAN FRANCISCO (InvestorForce.com) -- Wells Fargo & Co., which runs the third-largest bank-owned mutual fund group by stock and bond assets, fired a Barclays Global Investors unit and transferred $1.9 billion in asset allocation assets over to its own investment management subsidiary


I believe Barclays held some Enron. Weird how one thing can lead to another then this turns up. I do hope there is no connection within division i don't know how Barcleys is structured.