Blue Harbour Unloads Its Largest Position

Here is how the activist hedge fund fared with its investment in Investors Bancorp, which accounted for 18 percent of its U.S. long assets.

Cliff Robbins (Chris Goodney/Bloomberg)

Cliff Robbins

(Chris Goodney/Bloomberg)

Cliff Robbins’ Blue Harbour Group earlier this week unloaded its entire stake in Investors Bancorp — which accounted for 18 percent of the activist hedge fund’s U.S. long portfolio — in a single trade.

It’s a decisive end to a long-running trade that turned out to be just a so-so performer for the activist hedge fund firm, which is having an otherwise strong year.

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