CALL TO ACTION

摘要

June 30 saw a $1.05 billion mystery solved: that day Nelson Peltz's Trian Partners revealed that it owned 2.5 percent of all outstanding shares in Bank of New York Mellon Corp. The activist hedge fund firm had disclosed this stake in its April client letter without naming the target. True to form, $8.7 billion, New York-based Trian has yet to announce its plans for change at BNY Mellon, which tops Institutional Investor's 2014 ranking of the World's Largest Global Custodians for the sixth consecutive year, with $28.5 trillion in assets under custody and administration. Trian prefers to meet with the management and board of a target first, CEO Peltz explained during a New York appearance at Ⅱ's Delivering Alpha conference in July.