In the Margins
Nelson Peltz’s Trian Fund Management has sold nearly all of its stake in Baltimore-based Legg Mason to Shanda Group, a holding company based in Singapore. Legg Mason disclosed that Shanda agreed to purchase substantially all of Trian’s 9.9% stake, explaining that Trian is selling “for portfolio management reasons.” A filing submitted to regulators showed that Trian affiliates sold 10.5 million shares at $32 each. Read the original story from Barron's.
Most Read
As mutual fund board members look forward to 2023, which is just around the corner, they are faced with a number of challenges and tasks unique ...
What started out as a vision to help key mutual fund stakeholders understand how evolutions in the capital markets, in governance practices, and in the regulators’ ...
The news on Tuesday that Goldman Sachs Asset Management agreed to pay $4 million to settle Securities and Exchange Commission charges related to how it manages ...
So much has happened in the world in the past several years that has (hopefully) made all of us think about what we have, while also ...