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Sherborne continues to build F&C stake

Sherborne is continuing to build its stake in the company.

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The share purchase follows the investment vehicle’s acquisition of 126,000 shares on Monday and a further 145,000 shares in Wednesday. Sherborne is the largest F&C shareholder with a stake of around 18%.

Earlier this week F&C chairman Alan Grisay sold one million shares in the company. Charlie Porter, the CEO of Thames River, the hedge fund and multi-manager specialist acquired by F&C last year, also sold two million F&C shares last week.
 

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