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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). San Francisco’s ValueAct rose 6.3 percent in the first three months of the year, driven by gains from Valeant Pharmaceuticals International
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