Trian Fund Management, the activist hedge fund investment firm currently pushing for changes plus a seat on the board at Walt Disney Co, lost 10.6% last year as many hedge funds incurred losses on the back of market volatility, according to a report by Reuters.
Trian Fund Management, the activist hedge fund investment firm currently pushing for changes plus a seat on the board at Walt Disney Co, lost 10.6% last year as many hedge funds incurred losses on the back of market volatility, according to a report by Reuters.
The report cites data from Hedge Fund Research as revealing that Trian outperformed the average activist hedge fund’s return of -17.2% in 2022.
The firm’s co-founder, Nelson Peltz, has been a vocal critic of Disney highlighting succession planning and rising costs at its streaming service as areas ripe for improvement. He is actively pushing for a seat on the board, arguing his operational knowledge will help fix current problems at the media and entertainment giant.
Disney though, has said that Peltz lacks “the skills and experience” needed by the company and has so far denied his request for board representation.
