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To: Bonnie Bear who wrote (36142)4/25/1999 10:02:00 AM
From: NickSE  Respond to of 86076
 
The Indexing Giant Nobody Knows
nytimes.com

SAN FRANCISCO -- In an era when being biggest in any endeavor brings hubris and hype, Barclays Global Investors stands out by being nearly invisible to the untutored eye.

But it is Barclays Global, not the much vaunted Vanguard Group, that is king of the stock-market indexers -- managing $407 billion in investors' money by mimicking the performance of major market indexes. And it is Barclays Global, not a white-shoe bank or insurance company, that is the world's biggest manager of funds for institutions, like corporate pension funds and nonprofit organizations.

It even has designs on displacing the giant Fidelity Investments, with $765 billion in its care, as the world's biggest manager of money.

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