Blue Harbour Group

Blue Harbour Group
Industry Investment Management
Headquarters Greenwich, Connecticut, United States
Area served
 Worldwide (investors); North America (investments)
Key people
 Clifton (Cliff) Robbins (Founder and CEO)
Number of employees
 18
Website http://www.bhgrp.com

Blue Harbour Group is an American multibillion-dollar investment firm that manages capital for pension funds, endowments, sovereign wealth funds, labor unions and other institutional investors.[1] Based in Greenwich, Connecticut,[1] Blue Harbour utilizes a private equity approach to investing in public markets and is known as a “friendly” activist investor.[2] It has never engaged in a proxy contest, waged a media campaign or sued a company to influence its direction.[3]

Blue Harbour fully integrates Environmental, Social and Governance (ESG) considerations into their investment process. Since its founding in 2004, Blue Harbour has been committed to investing responsibly by working closely with portfolio companies to positively influence ESG policy and practices.[4] Blue Harbour is a signatory to the UN Principles for Responsible Investment.[5]

History

Blue Harbour Group was founded in 2004 by Clifton Robbins,[6] also known as Cliff Robbins, a former partner at private equity giants KKR[7] and General Atlantic.[8]

Company

As of June 2017, the firm managed in excess of $3 billion in capital,[8] which it mainly invests from two funds, the long-short Blue Harbour Strategic Value Partners and the long-only Blue Harbour Active Ownership Partners.[9] Blue Harbour’s investment team includes its CEO Cliff Robbins, and Managing Directors Christian Asmar, Peter Carlin, Robb LeMasters, Todd Marcy, David Silverman and Lauren Taylor Wolfe.

Investment strategy

Blue Harbour takes ”sizable”[10] ownership stakes in publicly traded companies whose management teams are “open to new ideas” for increasing in value.[11] The firm then “works collaboratively” with them for two to three years.[11] Blue Harbour focuses on North American undervalued smallcap and midcap companies.[3]

Awards

Blue Harbour Group

  • Winner of 2017 Hedge Fund Industry Awards' "Activist Hedge Fund Manager of the Year" by Institutional Investor.[12]
  • Winner of 2016 "Best U.S. Activist Hedge Fund Manager" by Hedgeweek.[13]

Blue Harbour Strategic Value Partners

  • Named one of the “Best 100 Hedge Funds” by Barron’s in 2015.[14]
  • Named one of the “Best 100 Hedge Funds” by Barron’s in 2014.[15]
  • Named one “The 30 Hedge Funds That Crushed Wall Street in 2013” by Business Insider.[12]
  • Named one of the “Best 100 Hedge Funds” by Barron’s in 2013.[16]
  • Listed as one of the top 100 performing large hedge funds for 2012 by Bloomberg.[17]

Blue Harbour Active Ownership Partners

  • Listed as one of the top 50 performing large hedge funds by Bloomberg in 2016.[18]
  • Listed as one of the top 50 performing midsize hedge funds for 2013 by Bloomberg.[19]

References

  1. 1 2 "Blue Harbour Discloses Core Holdings". Institutional Investors Alpha. Retrieved 5 May 2014.
  2. ↑ "Activist Hedge Funds". Value Walk. Retrieved 5 May 2014.
  3. 1 2 "Activist fund Blue Harbour Group takes stake in Tribune Co". Chicago Tribune. Retrieved 5 May 2014.
  4. ↑ Benoit, David (2017-03-19). "Activist Investor Takes a Page From Greenpeace, Pushing Companies for Change". Wall Street Journal. ISSN 0099-9660. Retrieved 2017-07-11.
  5. ↑ "Signatory Directory | Principles for Responsible Investment". www.unpri.org. Retrieved 2017-07-11.
  6. ↑ "Clifton Robbins". Business Week.
  7. ↑ "Blue Harbour Group". Insider Monkey. Retrieved 5 May 2014.
  8. 1 2 "The Gentleman Activist". www.institutionalinvestor.com. Retrieved 2017-07-11.
  9. ↑ "Blue Harbour Group is Bullish on Babcock & Wilcox Co (BWC) and Reports a 6.0% Stake". Insider Monkey (BWC). Retrieved 5 May 2014.
  10. ↑ "An Activist Investor, Minus the Fangs". WSJ (fangs). Retrieved 5 May 2014.
  11. 1 2 "Chico's Luring Activist Seen as LBO Target: Real M&A". Bloomberg. Retrieved 5 May 2014.
  12. 1 2 Yu, Keith. "2017 Manager Winners - Institutional Investor's Hedge Fund Industry Awards". www.hedgefundindustryawards.com. Retrieved 2017-07-11.
  13. ↑ "Hedgeweek USA Awards 2016 - The Winners". Hedgeweek. 2016-09-16. Retrieved 2017-07-11.
  14. ↑ Uhlfelder, Eric. "Barron's Best 100 Hedge Funds: 2015 List". Retrieved 2017-07-11.
  15. ↑ Uhlfelder, Eric. "Our Top 100 Hedge Funds". Retrieved 2017-07-11.
  16. ↑ Uhlfelder, Eric. "Best 100 Hedge Funds". Retrieved 2017-07-11.
  17. ↑ "The 100 Top-Performing Large Hedge Funds". Bloomberg.
  18. ↑ "Hedge Fund Rankings 2016" (PDF). Bloomberg Reports. 28 February 2017.
  19. ↑ "Top 50 Midsize Hedge Funds". Bloomberg. Retrieved 5 May 2014.
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