(Corrects NAV percentage change in first paragraph)
LONDON, Aug 20 (Reuters) - Activist Sherborne Investors
has committed to pursuing a shake-up in the management
and strategy at Barclays, despite posting a 36% fall in
its net asset value (NAV) in the last six months to 351 million
pounds ($459.32 million).
The investment vehicle, which is backed by several major
British fund firms including Aviva, Schroders and
Jupiter Asset Management, said it would continue its
dialogue with Barclays "for as long as it appears to be
appropriate to do so".
The investor said it currently holds a 5.9% stake in the
lender following recent stock purchases. The Barclays share
price has fallen by around 36% in the six months to June 30.
($1 = 0.7642 pounds)
(Reporting By Sinead Cruise; editing by Simon Jessop)