Skip to content
global forex
Menu
  • Business
  • Economy
  • Forex
  • Internet
    • Technology
  • Markets
    • Stock market
  • online trade
  • Personal Finance
  • Contact Us
Menu

Activist investor Nelson Peltz gets a taste of his own medicine

Posted on June 21, 2022 by global forex

Activist investor Nelson Peltz gets a taste of his own medicine as shareholders call for shake-up at his London-listed fund

By Lucy White For The Daily Mail

Published: 21:50, 20 June 2022 | Updated: 21:50, 20 June 2022

A fund run by the activist billionaire shaking up Unilever has found itself in the crosshairs of its own top shareholders.

Trian Investors 1 (TI1), listed on the London Stock Exchange and managed by Nelson Peltz’s firm Trian Partners, is under siege from Invesco, Janus Henderson, Staude Capital and Pelham Capital.

The four investment firms, who also have the support of Aegon Asset Management, have joined forces to call for an overhaul of TI1’s board.

In the firing line: Trian Investors 1, managed by Nelson Peltz’s firm Trian Partners, is under siege from Invesco, Janus Henderson, Staude Capital and Pelham Capital

They said their aim was to achieve ‘an acceptable standard of governance and to restore the trust and confidence of the independent shareholders’ in TI1.

The intervention is a blow to 79-year-old Peltz who is in the middle of an activist battle with consumer goods giant Unilever and recently won a seat on the board, sparking speculation he could seek to break it up.

But he now faces a shareholder backlash of his own. The rebel group was angered by several changes which TI1 made to the way the business operated at its shareholder meeting last year.

Trian was accused of having a ‘conflict of interest’ since the changes would increase the amount of money it makes from managing TI1.

Shareholders want to remove TI1’s chairman Chris Sherwell and non-executive directors Simon Holden and Anita Rival.

They suggest investment veteran Robert Leggett, and Miles Staude of Staude Capital as replacements.

Share or comment on this article:

Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • google search engine seo tutorial for beginners
  • Dividend stocks for beginners profit from investing
  • How to earn from Tiktok
  • Learn to profit from gold trading
  • How to invest money and make it work for you
©2023 | Design: Newspaperly WordPress Theme