Peltz’s Trian UK investment fund to close after campaign by activist investors – Reuters

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LONDON, Sept 2 (Reuters) – UK investment trust Trian Investors 1 (TI1.L), whose investment strategy is overseen by activist investor Nelson Peltz, will wind up the company, it said on Friday, after a campaign for change at the firm by a group of activist investors.

Shareholders led by Global Value Fund, Invesco (IVZ.N), Janus Henderson (JHG.N) and Pelham voted to remove TI1’s chair last month. read more

The activists had expressed concerns over changes to TI1’s strategy on the number and type of its investments, proposals to become a special purpose acquisition company (SPAC), and about its share price performance.

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The trust’s investment management strategy is carried out by Peltz’s Trian Fund Management, itself an activist investor, taking stakes in companies and seeking changes in order to boost their share price.

TI1, which …….


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