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
A conversation with Sidley Austin's Nathan Greene, BlackRock's Dr. Rachel Schutt, and FundGuard's Lior Yogev: What is artificial intelligence, and how much do mutual fund industry ...
The Securities and Exchange Commission this week finalized its rule on funds' use of derivatives, making some notable changes to what was proposed nearly a year ...
If Allan Reich thought he was going to sail smoothly through his 27th and final year on the board of Oakmark Funds, he was mistaken. Reich ...
Resignations, retirements and recruitment over the past five years have led to significant changes in the Sequoia Fund boardroom. The transformation was set in motion in ...