The New York Times reported on August 19, 2010 that Sherborne Investors (Guernsey) purchased shares of F&C Asset Management, lifting its stake to 9.7%
On August 19, 2010, The New York Times reported that Sherborne Investors (Guernsey) A Ltd. had purchased shares of fund manager F&C Asset Management plc (LSE:FCAM) for a second day in a row, increasing its stake to 9.7% and making it F&C’s second largest shareholder behind Dutch insurance group Eureko. Sherborne, an investment company domiciled in the Channel Islands, said its investment policy means it will not seek control of F&C. Founded in 1868, F&C manages €141 billion of assets. For the complete story, please click here.