Friday, 26 December 2014
Last updated 1 day ago
Dec 23 2009 | 10:42am ET
Activist hedge fund manager Nelson Peltz continued buying up shares of Legg Mason, two months after joining the asset management giant’s board of directors.
Peltz’s hedge fund, Trian Fund Management, bought more than 822,000 Legg shares last week, increasing its stake to 5.3%. Less than a month ago, Trian owned 4.3% of the Baltimore-based firm, which includes hedge fund manager Permal.
One thing’s clear, however: Peltz’s Legg buying spree cannot last forever. As part of the deal that put him on the company’s board, Peltz agreed not to build a stake larger than 9.9% during a standstill period that could run another two years.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.