The Wall Street Journal reports “Trian Takes Stakes in Invesco, Janus Henderson With Eye on Deals – Money comes in part from a fund built with the goal of bringing consolidation to the asset-management industry”.
I have been tracking activist hedge funds for many years now. To provide color on how Trian operates , here are two historical deals I analyzed – HJ Heinz and Wendy’s. Every deal is different but analyzing the anatomy of a transaction provides a lot of insight into how hedge funds operate. I draw attention to the share price charts during the period. ActiveAllocator allocates to activist hedge funds , inter alia.