Monday, 20 October 2014
Last updated 3 days ago
Jul 1 2014 | 8:27am ET
An activist hedge fund has taken aim at the world’s largest deposit bank.
Trian Fund Management has taken a 2.5% stake in the Bank of New York Mellon and plans to discuss ways of improving shareholder value with management. The hedge fund has been building its stake since the first quarter, winning permission to keep it a secret until now.
“Trian is a respected investment firm. We look forward to engaging with them as we do all our investors,” BNY Mellon said.
Trian’s investment follows a complaint in February from CLSA’s Mike Mayo that the bank should be “more aggressive” about restructuring, including a spin-off of its huge asset-management business.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...