Saturday, 28 November 2015
Last updated 1 day 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…