[Barclays Sale of BGI] And the Winner Is. . .

BlackRock (or here ).

The twist to watch will be to see if BlackRock spins / sells BGI’s iShares unit. The presumption on the street is that many of BGI’s employees – outside of the ETF iShares unit –  will have their employment terminated as BlackRock has a number of redundancies in the BGI operation on which to capitalize.

Stay tuned for more.