Activist Investor Jeffrey Smith’s Starboard Value Starts New Fund

The New York-based hedge fund firm has raised $125 million for a new vehicle.

Activist investor Jeffrey Smith’s firm, Starboard Value, has launched a new hedge fund.

Smith, the co-founder, chief executive officer and chief investment officer of the New York-based hedge fund firm, started raising money on April 15 for the Starboard Leaders Fund LP, according to a filing with the Securities and Exchange Commission.

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