Nelson Peltz may warrant thanks from H.J. Heinz Co. stakeholders after Berkshire Hathaway Inc. and 3G Capital’s offer to buy the ketchup maker for about $23 billion, even though the billionaire hedge-fund manager won’t share much in the reward.
Nelson Peltz, the money manager who successfully pushed Ingersoll-Rand Plc to sell some of its businesses, has raised $231 million for a second strategic investment fund, according to a regulatory filing.
Billionaire Nelson Peltz criticized Lazard Ltd.’s pay and cost structure in meetings with senior executives before he disclosed a 5.1 percent stake in the advisory firm this week, said people familiar with the matter.
Mark Fetting , chief executive officer of Legg Mason Inc. , has disappointed the board of directors with the disclosure of costs that have delayed his goal of lifting profitability, said two people with knowledge of the matter.