A $3 billion bet on Walt Disney
by Nelson Peltz s Trian Fund Management was largely
responsible for the investment management firm s
underperformance last year relative to its activist hedge.
A $3 billion bet on Walt Disney by Nelson Peltz's Trian Fund Management was largely responsible for the investment management firm's underperformance last year relative to its activist hedge fund peers, according to financial details provided to Reuters by a Trian investor. The previously unreported details illustrate the high financial stakes for Trian as it seeks to shake up Disney's board in this year's highest-profile proxy contest. Trian's fund returned 10% last year, according to the investor, half the 20% return on average that activist hedge funds scored based on data compiled by Hedge Fund Research.
Ferguson Plc FERG on Tuesday said it has signed definitive purchase agreements to acquire Yorkwest Plumbing Supply and Grove Supply. The company also closed…
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