Investor Jeffrey Ubben, who grew ValueAct Capital into one of the world's most powerful activist hedge funds, is retiring from the firm and will start anew with an investment company that will focus on society and the environment.
BOSTON - Investor Jeffrey Ubben, who grew ValueAct Capital into one of the world’s most powerful activist hedge funds, is retiring from the firm and will start anew with an investment company that will focus on society and the environment.
Ubben has founded Inclusive Capital Partners along with Lynn Forester de Rothschild and will take along some ValueAct colleagues, including Eva Zlotnicka, head of stewardship at the firm, three people familiar with the move said. “The final step in the journey is for the former CEO to leave the company, to fully empower his/her successor. We are taking that step today,” ValueAct’s chief executive officer Mason Morfit wrote to his investors in a letter seen by Reuters.
He said the firm’s fundamental values remain unchanged with a focus on “finding win-wins for our companies and our investors, always learning,” and “having fun.”
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