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Komfie Manalo, Opalesque Asia:

Activist hedge fund investor Trian Fund Management has succeeded in pressuring industrial conglomerate General Electric Co, to give it one board seat in the company after months of intense lobbying, various media reports said.

The $14bn hedge fund firm Trian owns nearly 1% of GE since 2005 and is one of the company's major stockholders. Trian mostly invests for pension funds, endowments and wealthy investors.

On Monday, GE announced that it has accepted Trian Fund's representative, Edward Garden, to its board seat to replace Robert Lane, who is retiring due to health reasons after a dozen years as a director, reported Today Online. Garden is Trian's chief investment officer. The move came as a surprise as Procter & Gamble Co, another firm targeted by Trian, is scheduled to hold a shareholders meeting to decide if they want to elect Trian Chief Executive Nelson Peltz to its board.

Peltz uses commercials to petition P&G shareholders

Last week, Peltz took his record-shatteringly expensive battle for a board seat to a new arena after facing deep-seated internal resistance to his radical vision of Procter & Gamble Co.'s future, by purchasing airtime to petition P&G shareholders directly through a ser......................

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