Reuters – An activist British hedge fund has taken a 6 percent stake in Washington Mutual Inc as the largest U.S. savings and loan tries to rebound from billions of dollars of mortgage-related losses.
The London-based fund, Toscafund Asset Management, also reported a 5.1 percent stake in Sovereign Bancorp Inc, the second-largest U.S. thrift.
Toscafund revealed the passive stakes in separate filings Thursday with the U.S. Securities and Exchange Commission.
