Trian Fund Management, L.P. (New York)


Trian Fund Management, L.P. is a large advisory firm based in New York. It manages $9.82 billion of regulatory assets for 24 client accounts. It has been registered with the SEC as an adviser since 2010.

Trian Fund Management provides portfolio management for pooled investment vehicles and portfolio management for single investor investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Trian Fund Management: assets under management

The assets under management (AUM) of Trian Fund Management, L.P. is $9.82 billion. The firm's AUM has grown by 240% since the beginning of its operation, and $3.95 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $9.48 billion in discretionary accounts and $337.86 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $412.36 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $337.86 million.
Trian Fund Management has custody of $3.24 billion in cash and securities for 8 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 62% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 38% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Trian Fund Management, L.P. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Trian Fund Management serves?

The firm provides services to pooled investment vehicles and corporations or other businesses. The largest group of clients of Trian Fund Management is pooled investment vehicles with 39 clients and $9.48 billion of assets under management. Among the 7 most similar advisory firms, Trian Fund Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $9.82 billion for 40 clients. 48% of the firm’s clients are foreign persons or businesses.

Trian Fund Management also advises several private funds. Namely, twenty six hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $50,000,000.

Careers at Trian Fund Management, L.P.

The company employs 37 people that are either part- or full-time employees. 41 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Llc Trian Fund Management Gp General partner 1 Sep 2005 Other 20-3454087
Nelson ("Nmn") Peltz Chief executive officer and limited partner 1 Sep 2005 50% - 75% 1934519
Peter William May President and limited partner 1 Sep 2005 25% - 50% 1934520
Edward Patrick Garden Chief investment officer and limited partner 1 Sep 2005 Other 1317760
Nelson Peltz Chief executive officer and limited partner 1 Sep 2005 50% - 75% 1934519
Gregory Alan Essner Chief financial officer 1 Nov 2005 Other 5683817
Stuart Ira Rosen General counsel 1 Nov 2005 Other 5862016
Brian Lewis Schorr Chief legal officer 1 Nov 2005 Other 5862023
Stuart I Rosen Chief compliance officer 1 Jun 2010 Other 5862016
Stuart Ira Rosen Chief compliance officer 1 Jun 2010 Other 5862016
Howard Michael Felson Chief compliance officer and assistant general counsel 1 Mar 2011 Other 5086933
Matthew Heffner Peltz Senior analyst and limited partner 1 Dec 2011 Other 4813620
Daysun Sun Chang Chief compliance officer and assistant general counsel 1 Jun 2019 Other 7129419
Leonard William Weedman Chief financial officer 1 Jun 2019 Other 7129429

Based in New York

The principal office where Trian Fund Management, L.P. performs its advisory services is located at 280 Park Avenue, 41 St Floor, New York, NY 10017 1217, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-451-3000 or by fax 212-451-3134. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at trianpartners.com (see also schedule d miscellaneous).

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