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      "text": "Average investment horizon of ~7 years and growing when Nelson Peltz joins the board of a Trian portfolio company, longer than the average holding period of US equity mutual funds(1). Stable “blue-chip” capital base.",
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      "text": "Several former CEOs and Directors that we’ve worked with serve as Trian Advisory Partners. Having been in the CEO seat, we appreciate that change does not happen overnight.",
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      "text": "(1) MFS White Paper Series, “Lengthening the Investment Time Horizon,” July 2017. According to the paper, the average holding period of the largest 20 US open-ended mutual fund categories as of December 31, 2016 was 1.62 years.",
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