London-based activist fund Crystal Amber Fund has acquired a 12.96 per cent stake in retailer JJB Sports. The size of the deal has not been disclosed. 

London-based activist fund Crystal Amber Fund has acquired a 12.96 per cent stake in retailer JJB Sports. The size of the deal has not been disclosed.

William Collins, Crystal Amber Fund chairman, said: “We look forward to engaging with JJB’s management.”

Crystal Amber Fund reported a net profit of £334,000 in the six months ended 31 December 2008. Collins commented: “We are pleased to have maintained our asset value in conditions that have been, and remain, extremely challenging. We will proceed with the care and discipline that has served us well so far.”