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

Navient

20/12/2021 12:57

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.

 (Reporting by Sinchita Mitra in Bengaluru; Editing by Anil
D'Silva)
 ((Sinchita.Mitra@thomsonreuters.com;))