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.”

 A rendering of a Nikola electric truck. (Courtesy Nikola)

A rendering of a Nikola electric truck.

(Courtesy Nikola)

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.

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