{"id":116322,"date":"2009-12-30T14:20:23","date_gmt":"2009-12-30T19:20:23","guid":{"rendered":"http:\/\/www.businessinsider.com\/activist-hedge-fund-loads-up-on-legg-mason-shares-becomes-1-shareholder-2009-12"},"modified":"2009-12-30T14:20:23","modified_gmt":"2009-12-30T19:20:23","slug":"activist-hedge-fund-loads-up-on-legg-mason-shares-becomes-1-shareholder-lm","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/116322","title":{"rendered":"Activist Hedge Fund Loads Up On Legg Mason Shares, Becomes #1 Shareholder (LM)"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=4b3ba78a00000000009683ba&amp;maxX=400\" border=\"0\" alt=\"Bill Miller\" width=\"400\" \/><\/p>\n<p>The activist hedge fund Trian Fund Management became the largest shareholder of fund management company Legg Mason, after picking up two million shares on Monday.<\/p>\n<p>The New York firm now owns 5.6% of Legg Mason, ahead of Dodge &amp; Cox&#8217;s (a mutual fund) 5.5%.<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/www.finalternatives.com\/node\/10088\">FinAlternatives:<\/a> Peltz&rsquo;s Legg buying spree cannot last forever. As part of the deal that put him on the firm&rsquo;s board, Peltz agreed not to build a stake larger than 9.9% during a standstill period that could run another two years.<\/p>\n<p>Regardless, LM appears in play.<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/activist-hedge-fund-loads-up-on-legg-mason-shares-becomes-1-shareholder-2009-12#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/optima-american-farmland-hedge-fund-2009-12\">Details On The New Hyperinflation-Beating Farmland Hedge Fund From Optima<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/hedge-fund-manager-jonathan-hoenigs-gift-to-us-a-100-trillion-zimbabwe-note-2009-12\">Hedge Fund Manager Jonathan Hoenig Bribes Us With 100 Trillion Zimbabwe Note<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/hedge-fund-bluegold-the-so-called-sovereign-debt-crisis-is-a-distraction-2009-12\">Hedge Fund BlueGold: The So-Called Sovereign Debt Crisis Is A Distraction<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/VxTaW_D9h9k\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The activist hedge fund Trian Fund Management became the largest shareholder of fund management company Legg Mason, after picking up two million shares on Monday. The New York firm now owns 5.6% of Legg Mason, ahead of Dodge &amp; Cox&#8217;s (a mutual fund) 5.5%. FinAlternatives: Peltz&rsquo;s Legg buying spree cannot last forever. As part of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-116322","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/116322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=116322"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/116322\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=116322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=116322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=116322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}