BlackRock takes 5% stake in AFH

The world's largest asset manager, bought around 1.9 million shares in AFH, equating to just more than a 5% stake. AFH has a current market capitalisation of more than £100m, meaning BlackRock's stake would have cost about £5m. BlackRock joins AFH's largest shareholders, including Slater Investment, which has a 7.5% stake in the firm, River and Mercantile, which has nearly a 4% stake and Polar Capital, with around a 3.5% stake. AFH chief executive Alan Hudson (pictured) said: "We see the continuing support of BlackRock and other institutional investors as a vote of confidence in th...