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| 24. Edward Garden / $160 million | ||
| Title: Chief investment officer and founding partnerFirm: Trian Partners (New York)Age: 552016 Rank: No. 242016 Earnings: $160 million2015 Rank: Did not qualifyYears on list: 1 | Source of 2016 earnings: Sysco and to lesser extent Wendy’s, Bank of New York Mellon, Pentair, DuPontEducation: B.A. Harvard College 1984 | |
Ed Garden takes partial credit for persuading 1980s deal makers Nelson Peltz and Peter May to launch their hedge fund firm, Trian Fund Management, in 2005. According to an interview with Barron’s, Garden — a son-in-law of Peltz who joined the pair’s investment firm, Triarc Cos., in 2003 — had a “come to Jesus moment” two years later and realized they should raise outside money so the activists could “operate on the scale necessary to invest in more and bigger targets.” Great suggestion. The firm’s flagship fund, Trian Partners, has compounded at 8.53 percent in 12 years. Today Trian Partners manages $13.3 billion. As a result, Garden is one of five people who make their debut among the Rich List’s top 25 this year. He has previously qualified twice for the Second Team.
Garden, one of Trian’s founding partners, serves as chief investment officer. He currently sits on the board of Bank of New York Mellon Corp. and is chairman of its human resources and compensation committee. He is also a director of Pentair and a member of its compensation committee. Garden previously served as a director of Wendy’s Co. and Family Dollar Stores. Before joining Trian he served as vice chairman and director of Triarc, and head of corporate development. Garden was previously a managing director and senior investment banker at Credit Suisse First Boston and co-head of equity capital markets at BT Alex. Brown.
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