Saturday, 23 May 2015
Last updated 16 hours 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…