The share purchase follows the investment vehicle’s acquisition of 126,000 shares on Monday and a further 145,000 shares in Wednesday. Sherborne is the largest F&C shareholder with a stake of around 18%.
Earlier this week F&C chairman Alan Grisay sold one million shares in the company. Charlie Porter, the CEO of Thames River, the hedge fund and multi-manager specialist acquired by F&C last year, also sold two million F&C shares last week.
