Trian Investors 1, the London listed fund managed by famed activist investor Nelson Peltz, has said it will return funds to shareholders and wind down the company, marking a victory for a group of dissident investors that took on the Wall Street legend.
On Friday, the board of Trian Investors 1 (TI1) said that by June 30, 2023, no less than 95 per cent of assets in the $646 million fund would be repaid to shareholders.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
