Activist Hedge Funds Pick on BNY Mellon
BNY Mellon has capitulated and awarded a board seat to activist hedge fund Trian Fund Management LP. The bank wants to avoid, what could be a long, drawn out proxy battle with the hedge fund. As of September 30, 2014, according to SEC data, Trian owns a 2.57% stake in BNY Mellon. To accommodate the activist fund, BNY Mellon has augmented the board to 14 members, adding Edward P. Garden to the board. Garden is co-founder and chief investment officer of Trian Fund Management. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
Contact the writer or creator of this article or page.
Questions or comments: support(at)swfinstitute(dot)org
Follow on Twitter at @swfinstitute and @sovereignfunds
Learn, Attend and Network: Institutional Investor Events and Summits
Go Back: HOME: Sovereign Wealth Fund Institute