Stock Groups

Activist hedge fund Trian builds stake in Unilever

by Mike Robinson

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© Reuters. FILE PHOTO – Nelson Peltz, founding partner at Trian Fund Management LP. Participate in the WSJD Live Conference, Laguna Beach (California), October 25, 2016. REUTERS/Mike Blake

(Reuters) – Trian Partners, Nelson Peltz’s activist hedge fund, has built a stake in Unilever (NYSE:), the Financial Times reported https://on.ft.com/3nOQod2 on Sunday, citing people with direct knowledge of the matter.

The $8.5 billion New York-based hedge fund has taken a position in the British group’s shares, the FT report said, adding that the people with knowledge of the stake building had not provided provide details on its size.

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