Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Man City boss Sheikh Mansour adds to Barclays

2 Comments
Man City boss Sheikh Mansour adds to Barclays

Sheikh Mansour Bin Zayed Al Nahyan, owner of Manchester City Football Club, has added to his position in Barclays.

Shrugging off the bank's recent troubles surrounding Libor manipulation, energy trading claims and a fine from the Spanish regulator over structured bond sales, Sheikh Mansour took his position in Barclays above the 7% mark, according to a stock market filing published late last night.

The transaction was logged as an 'acquisition of instruments' and left the Sheikh with an indirect Barclays holding of just over 6.1% and voting rights slightly above 7%.

Like the Sheikh's football side - which earlier this year lifted its first Premier League title in 44 years - Barclays shares have begun to return to form despite the bank's difficulties earlier this year.

Shares in the bank crashed 17% shortly after it was hit with a record £290 million fine for fixing Libor and the bank continued to trade sub-200p in the weeks that followed as senior executives left amid the scandal.

On Monday, however, the bank closed up 0.51% at 256.9p, a long way off its 148.2p 52-week low.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Liontrust ESG head says sustainable investment doesn't mean low return

Liontrust ESG head says sustainable investment doesn't mean low return

Peter Michaelis talks about ethical investment growth and where he sees future opportunites.

Play Are platforms the biggest barrier to wealth manager ETF take-up?

Are platforms the biggest barrier to wealth manager ETF take-up?

Citywire hosted a roundtable discussion to find out how and if wealth managers are using ETFs in their clients' portfolios and the challenges they face trading through different platforms.

Play SVM's Veitch on what's next for banks

SVM's Veitch on what's next for banks

SVM fund manager Neil Veitch is finding value in what he describes as unstable financials and talks through his favourite small caps.

Read More
Your Business: Cover Star Club

Profile: Affinity’s Julia Warrander on the importance of diversity

1 Comment Profile: Affinity’s Julia Warrander on the importance of diversity

'Sometimes there are 10, sometimes 20 people around a table and, more often than not, I’m the only woman,' says the Affinity Wealth co-chief investment officer

Wealth Manager on Twitter