DuPont Sends Shareholders Letter to Fight Trian Criticism -- 2nd Update
Peltz's Firm Trian Fund Takes Credit For DuPont's Recent Gains
Stock Sales by DuPont CEO Raise Eyebrows
Stock price of money manager more than doubled since 2012 with new CEO and cost cuts as inflows return.
DuPont Names Two New Directors to Board -- 3rd Update
DuPont Names Two New Directors to Board -- 4th Update
A group of top managers continue to keep looking for good investment opportunities, while taking full advantage of a rising (and potentially overvalued) market to book some gains.
Corporate credit spreads are fairly valued--albeit at the tight end of the range that we view as fairly valued.
Our top managers remain cautious, focusing more on relative valuation and increasing their willingness to book gains in the face of a rising (but potentially overvalued) market.
Our top managers continue to focus on higher-quality businesses rather than seeking out bargains in a market that (in many of their minds) has become fully valued.