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Activist hedge fund Trian has set its sights on insurance company Allstate, according to sources. Trian, led by investor Nelson Peltz, has reportedly amassed a stake in Allstate. The move comes as Trian continues to expand its presence in the insurance industry. Allstate is likely to face pressure from Trian to make changes and improve shareholder value.
Peltz’s Trian Fund Management amasses stake in Allstate: report $ALL https://t.co/Cm1dUcI1X5
Activist hedge fund Trian targets insurer Allstate-sources https://t.co/5J7wG7Zq6j via @sveaherbst @davidj_french @Reuters #HedgeFunds #ActivistInvestor
Exclusive: Activist hedge fund Trian targets insurer Allstate-sources https://t.co/ilpFClopft https://t.co/ts0yCd4n4h
Exclusive: Activist hedge fund Trian targets insurer Allstate-sources https://t.co/IvfgWDA5BQ https://t.co/pbvSmbT2v2
$ALL | Allstate shares are trading higher following a report suggesting Trian Fund Management has built a stake in the company.
Activist Invest Nelson Peltz's Trian Fund Management has built a stake in Allstate $ALL