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Jeffrey Ubben’s ValueAct Scores in Good Year for Activists
The San Francisco–based manager trounced the market on a gross basis with its concentrated bets on technology and pharmaceuticals stocks.
Jeffrey Ubben’s ValueAct Capital was one of the better-performing activist fund managers — and hedge fund managers in general — in 2013. The San Francisco–based firm’s main fund gained about 29.5 percent net of fees last year. This is in line with the S&P 500, which of course does not charge
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