May 31 (Bloomberg) -- Nelson Peltz, the billionaire investor known for pressing companies to take steps to increase their stock prices, is raising $2 billion for his hedge-fund group Trian Fund Management LP.
May 31 (Bloomberg) -- Nelson Peltz, the billionaire investor known for pressing companies to take steps to increase their stock prices, is raising $2 billion for his hedge-fund group Trian Fund Management LP.
Griffon Corp. shares soared nearly 7 percent Thursday after a Manhattan hedge fund that is the Jericho-based company's second-largest shareholder said it wants the conglomerate to buy back 50 percent of its stock for $25 each in an effort to jump-start shares that have struggled.
Man Group PLC, the world's largest manager of hedge fund assets, is taking steps to crack the U.S. market, as the country's pension funds, endowments and wealthy individuals pour billions of dollars into hedge fund investments.
The former head of Idaho hedge-fund company Wood River Capital Management LLC pleaded guilty to securities fraud and other charges after investors lost at least $88 million when two of its funds collapsed in 2005.
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