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Trian Boosts State Street’s Holding
Trian Fund Management has increased its holding in State Street.
Trian Fund Management has increased its holding in State Street, Bloomberg reports. The hedge fund raised its interest to 1.2% last quarter from 0.5% of common shares outstanding three months earlier.
As of June 30, Trian and its affiliates owned 6.1 million State Street shares, up from 2.3 million on March 31. The New York-based firm also owns some14.7 million shares of Legg Mason.
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