In an unusual move, $4 billion activist fund operator
ValueAct Capital Management, which has maintained a strictly
long-only profile since its inception in 2000, has teamed up
with short-biased Copper River Management to launch a
ValueAct Capital III is expected to launch sometime in the
third quarter and will accept just $500 million before closing
to new investors.
Jeff Ubben, a founder of San Francisco-based ValueAct and
portfolio manager of...