| Many of the “priority investors” in Royal Mail, brought in supposedly to remain long term, stable holders of the privatised service, quietly sold millions of their shares over the summer. The Independent’s analysis of share trading data shows priority firms JPMorgan, Schroders and Abu Dhabi’s sovereign wealth fund also slashed their holdings in recent months. The Kuwait Investment Authority, another sovereign wealth fund, sold more than £8m of shares. It remains a major investor.
JPMorgan sold £1.3m of shares last month, taking its holding down to one million shares, the Abu Dhabi sovereign wealth fund sold nearly half of its one million shares and Schroders sold more than 40 per cent of its holding for more than £2.1m – a sale likely to have profited it to the tune of more than £500,000...............................................Full Article: Source
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