Deals
U.S. Hedge Fund Unloads Its Entire Stake in Barclays, Report Says
- U.S. hedge fund has sold its entire interest in U.K. bank
- Tiger started reducing its position last year, the FT reported
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U.S. hedge fund Tiger Global has sold its entire stake in Barclays Plc, dealing a blow to the bank’s efforts to win support for its turnaround plan, the Financial Times reported.
Tiger, which held a stake of about 2.5 percent in the U.K. bank, started reducing its position last year, before exiting it entirely early this year, the FT reported, citing unidentified people familiar with the situation.