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Starboard Lagged Activist Peers in 2019

The activist headed by Jeff Smith posted double-digit gains, but didn’t keep pace with the blowout returns of other funds in the sector.

Jeffrey Smith’s Starboard Value posted a 16 percent gain in 2019 — roughly half the gain of the Standard & Poor’s 500 and far below the numbers posted by several other activist hedge funds, according to a person familiar with the results.For example, Institutional Investor earlier reported that Bill Ackman’s

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