After a Banner Year, ValueAct Rejigs For the Next Twenty. Founder Jeff Ubben steps down as CEO; will remain as chairman. His position as CEO will now be filled by ValueAct’s president, Mason Morfit.
ValueAct founder Jeffrey Ubben expressed his excitement this week that BlackRock chief Larry Fink had sounded an alarm around climate change. The founder of the $17 billion hedge fund has been one of the biggest supporters of ESG factors in corporate governance.
The DailyAlts Playbook talks repo markets, BlackRock’s climate reversal, bubble warnings, Climate Change funds, and the non-so surprising news out of Tribune newsrooms
Hawaiian Electric slammed activist hedge fund ValueAct this week. The company responded to the activist fund’s call to locate a successor for its President and CEO Constance Lau. ValueAct has a $50 million stake in the company.