Apr 25, 2018
Edward Bramson’s activist fund boosts interest in Barclays
Edward Bramson's activist investment fund has increased its interest in Barclays ahead of a meeting with the British bank's chief executive that is due to be arranged after its quarterly results on Thursday. Sherborne, Mr Bramson's Guernsey-based investment vehicle, has upped its holdings from 5.16 per cent of its voting rights to 5.41 per cent, according to a filing by Barclays on Wednesday. Mr Bramson spent last week in London meeting several large investors in his fund and in Barclays. He is expected to push for Barclays to shrink its investment bank, according to one investor who met him. On Thursday, Barclays is expected to report a first-quarter loss due to the cost of the $2bn settlement it agreed last month with US authorities for allegedly mis-selling residential mortgage-backed securities before the financial crisis.
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