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From Kirsten Bischoff, Opalesque New York:
The media loves a good corporate brawl, especially one that allows them to pit a cast of “bad characters” against each other – preferably a corporate titan and a media-focused, activist hedge fund manager. However, investment manager Jeffrey Ubben, Chief Executive Officer and Chief Investment Officer of ValueAct Capitalsees activist investing evolving into a less combative form; one that Ubben says is about “getting inside the boardroom in a constructive way, getting all of the information to figure out what is really right for the business and for all shareholders.”
“People have decided this is an asset class. There is value to be added by bringing a [shareholder] principal inside the public company boardroom…And those shareholder directors bring a sense of urgency and knowledge of the business and the capital markets expertise that they never had in the Boardroom,” Ubben tells Opalesque’s Matthias Knab in a recent Opalesque TV interview.
Starting out at Fidelity in Chicago, Ubben worked his way up to managing the value fund at that firm. It was there that he realized he wanted to have the freedom to place his value-driven positions in a more concentrated portfolio. After a stop at merchant bank Blum Capital Partners, Ubben, along with George Hamel Jr, David Lockwood, ...................... To view our full article Click here
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