Investing
Billionaire Wharton Dropout Peltz Warns Big Tech Dominance Over
The founder of Trian Fund Management also discusses activist investing and the economy on “Bloomberg Wealth with David Rubenstein.”
Nelson Peltz
Photographer: Calla Kessler/BloombergThis article is for subscribers only.
The era of a few giant tech firms controlling stock market gains is quickly coming to an end, according to activist investor Nelson Peltz.
The founding partner of Trian Fund Management — which has taken stakes in companies including Kraft Heinz Co. and Procter & Gamble Co. — said a US recession is likely, but high-quality businesses with strong cash flows will emerge more valuable after years of taking a back seat to high-flying growth stocks.