Peltz's $3B Disney Bet Leads to Trian Fund Underperformance

Activist billionaire Nelson Peltz, backed by former Marvel chairman Ike Perlmutter, battles Disney's board in a high-stakes proxy fight.

Nelson Peltz's Trian Fund Management made a $3 billion bet on Disney that resulted in the fund underperforming compared to its peers, returning only 10% last year.
Trian's stake in Disney accounted for about 40% of its total portfolio, contributing significantly to its underperformance.
Peltz, backed by former Marvel Entertainment chairman Ike Perlmutter, is currently battling Disney's board for control of the company in a proxy battle.
Peltz and former Disney CFO Jay Rasulo have been nominated for seats on the board, but Disney has urged shareholders to reject these nominations.
Peltz has launched a website, Restore the Magic, attacking Disney CEO Bob Iger and claiming that only its own board nominees have investors' benefit in mind.