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How Does Jeff Ubben’s Big Nikola Bet Look Now?

The ESG hedge fund manager still has a big gain, but short sellers are screaming “fraud.”

Just a few weeks ago, hedge fund activist-cum-social do-gooder Jeff Ubben was looking like a genius. On June 23, Ubben told the Financial Times that he was leaving the activist hedge fund he founded, ValueAct Capital, to start a new ESG fund. And on August 5, it became clear in a securities

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