The Wall Street Journal has reported that Barclays Global Investors (BGI), one of the world's largest investment management groups, was reviewing a management buy-out option.
It is believed that the funds for the purchase would be provided by a private equity house or a major US investment bank. Barclays could well retain a stake in the business on sale.
BGI currently has around £530m funds under management.
Barclays Spin Off Not Confirmed
The UK's fourth largest bank, Barclays, has refused to comment on rumours that it's US-based money management unit is to be sold for around £700m.
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