Finance
A Capitalist Repents: Jeff Ubben Is Out to Make Things Right
- Founder of activist hedge fund ValueAct starts second act
- Investor says company shareholders now hold too much power
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Jeff Ubben wants you to know he’s sorry.
As the founder of $16 billion activist hedge fund ValueAct Capital, Ubben embodied the boisterous capitalism that elevated shareholder returns above all else in the years after the financial crisis. He stepped down in June after two decades and launched Inclusive Capital Partners, which backs companies tackling problems ranging from environmental damage to food scarcity and affordable education.