UK asset management firm Schroders has unveiled a 5.1% stake in London-listed shipbroker Braemar.
The investor told the London Stock Exchange that it now holds more than 1.68m shares, putting it above the 5% threshold that requires it to disclose its stake.
Disclosure of the holding comes after the firm, one of the UK’s biggest investment companies, added Braemar to its Schroder UK Smaller Companies Fund, according to a second-quarter update for clients.
