WorkFE's Account Talk

[nasa1974]

This is where our I fund shares reside?

http://money.cnn.com/2009/06/12/new...arclays.reut/index.htm?postversion=2009061204

Below is part of the press release from the FRTIB that contracted with Barclay's to manage our funds. The press release is dated 9/6/06. What does the BGI sale to Black Rock mean???

FEDERAL RETIREMENT THRIFT INVESTMENT BOARD
ANNOUNCES VENDOR SELECTIONS FOR INVESTMENT FUNDS AND PARTICIPANT SURVEYS
​

Washington, D.C. (September 6, 2006) — The Federal Retirement Thrift Investment Board announced today that Barclays Global Investors, N.A., of San Francisco, California, has been selected to manage the Common Stock Index Investment (C) Fund, the Small Capitalization Stock Index Investment (S) Fund, the International Stock Index Investment (I) Fund, and the Fixed Income Index Investment (F) Fund of the Thrift Savings Plan (TSP) for Federal employees. The selection results from competitive procurements initiated by the Board in May 2006 through release of Requests for Proposals (RFPs).
Barclays is the largest manager of institutional assets in the world and the largest provider of both index and quantitative investment strategies with over $1.6 trillion in assets under management on behalf of 2,860 institutional clients. The Board intends to make a formal award shortly through a contract with Barclays.

Link to the complete press release:
http://www.tsp.gov/curinfo/pressrel/2006sep6barclaysvendor.html

 

[nasa1974]

WorkFE, Nice job being on top of the BGI sale to BlackRock.

 

[WorkFE]

I believe it's been on the back pages for awhile now. I heard about it on sqawk box this morning before work.
Anyone have any insight into Blackrocks reputation?

 

[nasa1974]

I believe it's been on the back pages for awhile now. I heard about it on sqawk box this morning before work.
Anyone have any insight into Blackrocks reputation?

By Svea Herbst-Bayliss Svea Herbst-bayliss – Fri Jun 12, 5:15 am ET

BOSTON (Reuters) – BlackRock Inc. (BLK.N) said on Thursday it will buy British bank Barclays Plc's (BARC.L) investment arm BGI for $13.5 billion in a blockbuster deal that will create the world's biggest asset manager.
For BlackRock, a 21-year old company which relied heavily on acquisitions to grow from a one-room bond investment firm into the largest publicly traded U.S. money manager, the deal will more than double assets to roughly $2.7 trillion.
It will also give New York-based BlackRock, well-known for working with governments and institutional clients, access to retail investors and the hugely popular exchange traded funds San Francisco-based Barclays Global Investors offers.

http://news.yahoo.com/s/nm/20090612/bs_nm/us_blackrock_barclays_15

 

[WorkFE]

This could turn into a positive but I'm sleeping with one eye open

 

[hessian]

I believe it's been on the back pages for awhile now. I heard about it on sqawk box this morning before work.
Anyone have any insight into Blackrocks reputation?

Discussion on MB, here as well...
http://www.tsptalk.com/mb/showthread.php?p=222109#post222109

 

[WorkFE]

Climb in the saddle cinch up the girth strap and hold on, it's crazy 3:30

 

[WorkFE]

In hindsight my move on friday may turn out to be STUPID.
Todays futures are not looking to good. Maybe I'll just hang on and see what happens.
Voter fraud in Iran, wow thats surprising.
S&P set to open about 10 points lower.
Dollar is building a head of steam.

Have a great week everybody

 

[kar_crazy]

BRING ANOTHER AIR LINE PLEASE:embarrest:

 

[Boghie]

Blackrock...

WorkFE,

My guess is that the Blackrock purchase will result in higher fees, at least whenever the current contract comes up.

I think we can expect higher costs from all financial services since many of the big players have plunged into oblivion. The level of competition is not as fierce as it once was.

Plus, I don’t think Blackrock has the banker style slow-growth and safety mentality. They will not look at us like depositors.

On the positive side, they will probably push for new options aggressively. We should see REITs and segment funds and maybe even an option to use managed or hedge funds. That could be interesting.

 

[WorkFE]

Coming down fast KC. The sad part is I considered holding on the G through the weekend. Oh-well hindsight is 20\20.
Need anything I'll be there shortly?

 

[kar_crazy]

can you lift this anchor off my head i am sinking big time

 

[WorkFE]

It's boring at the top anyway. Atleast you have something to shoot for when your down lower
I would not try this at home without professional consultation:suspicious:

 

[WorkFE]

If in fact todays action is do to global instability and commodity prices then this is not a one day drop. Neither of those two things are going to change by tomorrow.
Last week there were a couple days that I thought we would have a day like this. However the Bull's managed to fight back and finish flat to slightly on the down side. Jury is still out for today but that's a whole lotta fighten.:worried:
Is this the beginning of a retracement, reaction to certain world political news or just a down day?
If anyone knows please let me know by 12:00

http://money.cnn.com/2009/06/15/markets/markets_newyork/index.htm?postversion=2009061511

 

[WorkFE]

You never leave your wingman.

 

[kar_crazy]

You never leave your wingman.

i just hope we wing this :nuts::blink:

 

[Medic72]

hi work, just stopping by

 

[WorkFE]

Figured you were on vacation or busy around the new place.
Good to hear from ya

 

[WorkFE]

Ouch. Thats gonna leave a mark

 

[kar_crazy]

i was right in the way:laugh::laugh::blink::nuts: