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
Members of the Heartland Funds board and Heartland Advisors management team spent a recent evening together sharing a meal. Of course it's not unusual for independent ...
Average compensation among mutual fund independent directors was higher in 2024, when compared to the year prior, an increase that was more than double what their ...
Comprehensive guidance on the oversight of sub-advisers that exists in the market has served mutual fund boards well for over 15 years. These frameworks remain foundational, ...
Independent directors who anticipate overseeing exchange-traded fund share classes are contemplating myriad issues related to what many industry participants believe will be a seismic shift in ...