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BOSTON (Reuters) - Activist investing firm ValueAct Capital Partners invested $1.2 billion in Citigroup Inc and roughly $1 billion in SLM Corp’s student lender Sallie Mae, according to a letter seen by Reuters on Monday.

The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren

In the letter ValueAct sent to clients, the firm said it built its roughly $1.2 billion Citigroup position over the last four to five months and is adding to it “opportunistically.”

ValueAct added that the bank could return about $50 billion in cash to shareholders over the next two years, according to the letter.

Reporting by Svea Herbst-Bayliss; Editing by Lisa Shumaker

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currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

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