In the present day world among the business tycoons, if it is asserted that Nelson Peltz falls in the group of most busy persons, perhaps it shall not be uncanny. In a span of more than two decades, he has been instrumental in buying businesses, polishing them up and selling them again a few years later, but certainly after making hefty profits.

It has come to the knowledge, that now a days instead of purchasing companies, he as a crafty investor is concentrating towards buying small stakes in them and then pushing for change. In this regard his greatest asset has been a newly created hedge fund that has succeeded in raising more than $1 billion.

Nelson from the time of its launch has been found taking a lot of interest in pressing for a change in strategic tack or board seats at CBRL Group Inc., owner of the Cracker Barrel restaurant chain; fast-food restaurant operator Wendy's International Inc., and food producer H.J. Heinz Co. According to the latest report CBRL and Wendy's have acceded given to some of his demands while with Heinz it is yet to be settled. 

It is this hedge-fund activism that has put Mr. Peltz back in the Wall Street spotlight, which has successfully revived again memories of investing successes that dates back to the era of the early 1980s. It must be noted that his changed modus operandi is an ample proof of the reflection of the popularity among large shareholders while taking matters into their own hands to boost returns.

However, in spite of sluggish rate of flowing of money into once red-hot hedge funds, the investors are found to be interested still ride along with a marquee-name manager. Perhaps the investors queuing to join Mr. Peltz's crusade are ready to carry a heavy burden: His hedge-fund outfit, Trian Fund Management LP, requires minimum investments of $25 million, according to a person familiar with the firm. That is certainly a hurdle even for hedge funds, lightly regulated partnerships that often require their wealthy clients to pony up at least $1 million.

Mr. Nelson Peltz first shot into fame in the 1980s, when he used junk-bond financing arranged by Drexel Burnham Lambert to purchase National Can Co. and then American Can. He was the key person to merge the packaging companies and to sell them within three years to France's Pechiney SA, snaring about $800 million profit on his total investment in the recorded history.