ValueAct’s New Fund Finds Payoff From Good Governance

In just over a year, the firm’s activist governance fund has generated double-digit returns.

Illustration by II

Illustration by II

ValueAct Capital’s new activist governance fund has gotten off to a solid start.

The ValueAct Spring Master Fund posted a 10.5 percent gross return and an 8.8 percent net return in the first quarter, according to an investor.

Since its April 1, 2018 inception through Tuesday April 9, the fund is up 16.4

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