One of America's top activist investors is leaving his $16 billion hedge fund to start a socially responsible investment firm — and it represents a broader push toward stakeholder capitalism
Business Insider -

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One of the country's top activist investors Jeff Ubben announced he's leaving his $16 billion hedge fund ValueAct, the Financial Times reported.

He is leaving to start an ESG firm, an investment organization that focuses on a company's environmental, social, and corporate governance performance to determine future profitability.

The new hedge fund is called Inclusive Capital Partners and will be co-led by investor Lynn Forester de Rothschild, who's focused...

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