Cliff Robbins’s Blue Harbour Excels Under the Radar

The firm, which typically doesn’t engage in contentious campaigns, is one of the best-performing activists this year.

This year is shaping up to be a pretty good one for many activist hedge fund managers, despite the sizable losses suffered by William Ackman’s Pershing Square Capital Management, one of the most high-profile members of this group.

One of the top performers is a fund that mostly operates below the radar: Greenwich, Connecticut–based Blue Harbour Group, headed by Clifton Robbins, which manages $3.5

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