US. Hedge fund Tiger Global Management has sold its entire stake in British bank Barclays, according to a Financial Times report.
The outcome comes at a time when Barclays is under pressure from activist-investor Edward Bramson, who forces his way into the board. Bramson's Sherborne Investors holds 5.5 percent of the bank.
According to Reuters, Bramson has in the past asked Barclays to reduce the funds allocated to its investment units.
The full FT report can be found here.