Hedge Fund News: Nelson Peltz, Barry Rosenstein & Perry Capital

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Peltz’s Daughter Credits Him For Acting Inspiration (Finalternatives)
Noted activist Nelson Peltz has been called many things over the years, often undoubtedly under the breath of a corporate executive in his crosshairs. To his daughter, however, he’s a muse. Nicola Peltz, the 19-year-old daughter of the Trian Fund Management founder, is among the co-stars of the latest installment of the Transformers film franchise, “Age of Extinction.” In the film, set for release tomorrow, she plays the daughter of Mark Wahlberg’s Cade Yeager, the lead human character in the movie—a role, she says, she couldn’t have performed without the help of her father.

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The dangers of networking with bankers at Glastonbury Festival (eFinancialCareers)
Britain’s Glastonbury Festival starts tomorrow. 200,000 people – a number equivalent to the population of Oxford – will congregate in some fields in Somerset. It will almost certainly rain heavily. Dolly Parton is headlining. So is Arcade Fire. Somewhere among the 200,000 Glastonbury attendees are likely to be bankers, hedge fund managers and investors. The festival began targeting wealthy individuals in 2010, with the offer of yurts which could be rented out for its duration for £7k ($12k). It now boasts a pop-up hotel and spa facilities. Glastonbury gentrification has provoked complaints: bankers wearing Daft Punk T-Shirts have been engaging in pro-capitalist debates in the ‘green field.’ And Iron Maiden’s Bruce Dickinson has lambasted the festival for being too middle class.

As Activist Hedge Funds Boom, ‘Hushmail’ Takes Hold (Finalternatives)
Activist hedge funds have been around for about a decade and their modis operandi has not changed dramatically in that time: buy a significant stake in a company, agitate for change, realize profits, repeat. What has changed is the number of such investors: according to data provider Preqin, there are now over 400 activist hedge funds worldwide. Moreover, 2013 saw the launch of 28 new activist funds, the highest number of launches since 2007.

Democrat Donor Steyer Faces Accusations of Hypocrisy (NewsMax)
Democratic heavyweight donor Tom Steyer, an environmentalist and vocal opponent of the Keystone XL pipeline, is being accused of hypocrisy by opponents who say he made his fortune investing, in part, in fossil fuels. “This is somebody who really made his fortune largely investing in fossil fuels who now wants to close off the ability to use fossil fuels to a lot of other people who aren’t as wealthy,” Phil Kerpen, president of the conservative political action committee American Commitment, told Fox News.

Sell Side Gets Behind Jana’s Walgreen Bet (InstitutionalInvestorsAlpha)
When drugstore giant Walgreen Company (NYSE:WAG) earlier this week reported third-quarter results that came in below expectations, the news caused the stock to slide for a fourth straight day. These developments seemed to play right into the hands of Barry Rosenstein‘s Jana Partners. In the first quarter the New York-based activist hedge fund manager made Walgreen his largest holding. Rosenstein told CNBC at a conference in April that Walgreen is “an iconic brand, but it’s a company that’s underperformed on an operating basis and on a shareholder return basis over almost every time frame you could look – one year, five years, ten years.”

BlueHive Capital Launches $50M Maiden Hedge Fund (Finalternatives)
Paris-based alternative asset manager BlueHive Capital, the former Natixis CIB global alpha team, has launched its maiden hedge fund with assets under management of about $50 million. BlueHive Opportunities-Global Alpha began operations in early June with an investment from the French hedge fund seeder Emergence as well as some family office and institutional money.

Never dump stock you have conviction in: Cramer (CNBC)

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