Ed Garden, one of three founding partners and chief investment officer at Nelson Peltz's activist hedge fund Trian Fund Management, is retiring from the firm after 18 years to focus on personal investments, prompting a reshuffle of the firm's management team, according to a report by Reuters.
Ed Garden, one of three founding partners and chief investment officer (CIO) at Nelson Peltz's activist hedge fund Trian Fund Management, is retiring from the firm after 18 years to focus on personal investments, prompting a reshuffle of the firm's management team, according to a report by Reuters.
The report cites a regulatory filing as revealing that Trian, which was founded in 2005 and has around $7 billion in assets, has promoted two veterans – partners and co-heads of research Josh Frank and Matt Peltz – to co-chief investment officers to replace Garden.
Brian Baldwin, another partner, has also been promoted to head of research.
Matt Peltz is Nelson Peltz's son and Garden is his son-in-law.
The firm's two other founding partners, Nelson Peltz, 80, and Peter May, 80, will remain in their roles as chief executive officer and president.
Hedge funds emerge as ‘winners’ of JP Morgan AM’s new world order
The asset manager’s 2027 long-term assumptions put hedge funds among the biggest beneficiaries of higher rates, policy volatility and…
More
Starboard targets $100m in cost cuts at Honeywell spin-off Solstice
Activist hedge fund Starboard Value has built a substantial stake in Solstice Advanced Materials, pushing the Honeywell spin-off to cut…
More
Hedge funds review partnership structures after BlueCrest £200m tax defeat
UK hedge funds are reviewing their partnership structures and negotiating with HM Revenue & Customs (HMRC) following BlueCrest Capital…
More