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Starboard Value Debuts More Concentrated Fund

The new fund is a version of an existing strategy.

       Jeffrey Smith, Starboard Value (Bloomberg) Jeffrey Smith’s Starboard Value has launched a new hedge fund. The New York-based activist firm has raised at least $250 million for the Starboard Leaders Select Fund, according to a regulatory filing. The new fund is an offshoot of the Starboard Leaders Fund, which the firm launched in

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