ValueAct taps Copper River for long/short investing

Thu Jun 1, 2006



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 long/short product.

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...

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