Chicago-based hedge fund Deerfield & Company announced
it is planning to sell a majority interest in its business to
Triarc Companies, a holding company headed by fast-food
financier Nelson Peltz. It will launch a new multi-strategy
hedge fund with $100 million in seed capital from the firm.
Triarc, which operates Arby's fast food chain through its
subsidiaries, will acquire an approximately 64% economic
interest in Deerfield for a cash price of...