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Sherborne Investors Takes 16% Stake In U.S. Firm Navient – Reuters

by NewsReporter
December 20, 2021
in News
Reading Time: 2 mins read
sherborne-investors-takes-16%-stake-in-us.-firm-navient-–-reuters
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Dec 20 (Reuters) – Sherborne Investors (SIGC.L), led by activist investor Edward Bramson, said on Monday one of its funds had built a stake of about 16% in U.S.-based Navient Corp (NAVI.O), which provides student loan management services.

The stake makes Sherborne Navient’s biggest investor, ahead of mutual fund manager Vanguard Group, which holds a 10.66% interest in the company, according to Refinitiv data.

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Reporting by Sinchita Mitra in Bengaluru; Editing by Anil D’Silva

Our Standards: The Thomson Reuters Trust Principles.

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