ValueAct Capital
ValueAct Capital is a San Francisco-based investment company with a portfolio value calculated at about $9.269 billion on behalf of several institutional and individual investors.[2] The company is a privately owned hedge fund sponsor that provides its services to high net worth individuals and institutions. It invests in both the public equity and hedging markets.
| Privately owned | |
| Industry | Investment company |
| Founded | San Francisco, California, United States (2000) |
| Founder | Jeffrey Ubben |
| Headquarters | San Francisco, California |
Key people |
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| Total equity | US$9.269 billion (2019) [1] |
| Subsidiaries | Value Act Capital LLC, ValueAct Capital Master Fund LP, ValueActCapital Partners LP |
| Website | ValueAct.com |
Background
ValueAct Capital was initially formed in June 2000 to manage the capital of its founders, along with the capital of a limited number of outside investors.
Investor Actions
ValueAct Capital is a very active investor that identifies companies that appear to be out of favor, or may be undergoing a significant transition. ValueAct makes a significant investment into the company and then works with the company to make changes with goal of increasing long-term stock value and thus creating a profit for ValueAct.
Microsoft (2013)
In May 2013 ValueAct Capital revealed that it had purchased $2 billion worth of Microsoft stock (less than 1%). Shortly thereafter the company made public announcements that it sought to join the board of Microsoft if the company did not increase its stock price through a stock buy back program or a larger dividend. The threat was seen as one of the reasons that Steve Ballmer decided to leave Microsoft.[3]