Thursday, 29 January 2015
Last updated 8 hours ago
Feb 16 2010 | 3:35am ET
Activist hedge fund manager Nelson Peltz sold off almost $400 million in stocks in the fourth quarter, according to a regulatory filing.
Peltz’s Trian Partners owned stocks worth nearly $1.66 billion on Dec. 31, down 18% from the $2.03 billion in stocks it owned three months earlier. The hedge fund sold off its stakes in such companies as Chemtura Corp., Kraft Foods, Philip Morris International, Lorillard Inc., Career Education Corp., General Mills and Willis Group Holdings, although it replaced some of those shares with call options, the New York-based firm said in a Securities and Exchange Commission filing.
Trian also cut its stake in Dr Pepper Snapple Group, and bought shares of Banco Santander, Boise Inc. and Dollar Tree. It also bought options on 1.43 million shares of Safeway Inc.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…