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

Page 1 of 2

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.

TRIAN PARTNERS

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)

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!