BOSTON, Dec 22 (Reuters) – Hedge fund Highfields Capital on Thursday pressured Mellon Financial Corp. (MEL.N: Quote, Profile, Research) to separate its two main businesses, arguing shareholders are losing money because the company tries to do too many things at once.
Highfields is one of Mellon’s 10 largest shareholders and has previously forced change at investment management company Janus Capital, Morgan Stanley and others.
