Trian Eyes Changes At BNY Mellon

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.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...