Jeff Ubben’s ValueAct Launching Fund with Social Goals, Following Similar Moves by Jana, BlackRock
- ValueAct Capital is launching a fund focused on promoting environmental and social goals for the companies it invests in, according to a letter obtained by CNBC.
- The ValueAct Spring Fund, as it will be known, is starting small with an initial target of raising $100 million.
- Earlier this week, ValueAct made its first investment in independent power producer AES, on whose board the fund’s leader Jeff Ubben will now sit.
David Faber of the Faber Report
Photo by Ray Witlin, World Bank Photo Collection
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