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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