Nelson Peltz Raises Over Half a Billion for Mysterious Investment

Nelson Peltz from Trian Fund Management repeated his idea for a merger between PepsiCo, Inc. (NYSE:PEP) and Mondelez International Inc (NASDAQ:MDLZ) in his latest quarterly letter. Earlier we updated our readers on Peltz’s thoughts on  Legg Mason Inc (NYSE:LM). The fund took losses in its short portfolio and was also down in its long positions in Lazard Ltd (NYSE:LAZ), Mondelez International Inc (NASDAQ:MDLZ) and Legg Mason Inc (NYSE:LM) in the second quarter. The fund established new positions in the last quarter while exiting several unnamed ones, which we will bring to you as soon as Trian files a 13F  in a couple of days. Some closed out positions that…