Sherborne Investors takes 16% stake in U.S. firm Navient

By:

Updated: Dec 20, 2021, 13:22 UTC

(Reuters) - Sherborne Investors, 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, which provides student loan management services.

Sherborne Investors takes 16% stake in U.S. firm Navient

(Reuters) – Sherborne Investors, 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, 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.

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

About the Author

Reuterscontributor

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products: