Nelson Peltz got a taste of his own medicine after one of his London-listed funds said it was closing following a row with major shareholders. Spat: Nelson Peltz with daughter Nicola and wife ClaudiaA group of rebel investors, which included London-based Staude Capital, attempted to take control of the fund after arguing it had fundamentally altered its investment strategy. They demanded it return its cash to shareholders despite Peltz, who is Brooklyn Beckham's father-in-law, pushing to keep the fund trading. Trian Investor's chairman Chris Sherwell was ousted in a 50.7 per cent vote in favour of his removal last month. His replacement Mark Thompson said the proposals 'deliver an outcome which all shareholders can support'.

Source: Daily Mail September 03, 2022 07:29 UTC