Activists Turn Out a Strong First Quarter

Jeffrey Ubben’s ValueAct rises 6.3 percent, driven by plays like Valeant and the Halliburton–Baker Hughes merger. TCI is up 13 percent net.

Christopher Hohn of TCI (Bloomberg)

Hedge fund activists mostly posted strong results in the first quarter, led by Jeffrey Ubben’s ValueAct Capital and Christopher Hohn’s the Children’s Investment Fund Management (TCI).

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