Jeffrey Ubben is the co-founder and CEO of ValueAct Capital, an activist hedge fund based in San Francisco, California. He is known as a “friendly” activist, generally working with companies in some form of distress, which stands in contrast to industry heavyweights such as Carl Icahn or Bill Ackman. Notable activism campaigns include Martha Stewart Living Omnimedia, Twenty-First Century Fox, Adobe, Rolls-Royce, Microsoft, Willis North America, AES Corporation, United Talent Agency, Vision Energy, and Valeant Pharmaceuticals. Between 2000 and 2015, he generated average net returns of 17%.
Jeffrey Ubben managed the Fidelity Value Fund at Fidelity Investments for eight years after business school from 1987 to 1995. He then served as the Managing Partner of Blum Capital from 1995 to 2000. Jeffrey Ubben founded ValueAct Capital in 2000 with $100 million from the Fisher family, founders of the Gap Inc. The firm managed $17.6 billion as of March 2017.
Jeffrey Ubben was born in 1961. His father, Tim Ubben, was the founder of Lincoln Capital Management, a Chicago-based investment firm, with an AUM of over $50 billion by the time he retired in 1967. Jeffrey Ubben graduated from Duke University in 1983 and received a master of business administration from the Kellogg School of Management at Northwestern University in 1987.
According to Forbes, Jeffrey Ubben has an estimated net worth of $400 million. Jeffrey Ubben is the chair emeritus of the national Board of Directors of the Posse Foundation, a nonprofit organization that identifies, recruits, and trains student leaders from public high schools to form multicultural teams called “Posses” of 10 Posse Scholars. He serves on the Board of Trustees of Northwestern University and the American Conservatory Theater. Jeffrey Ubben’s wife, Laurie Ubben, who also graduated from Duke University, is a co-founder of the Bird School of Music and producer of the film “Loving Vincent”. Jeff and Laurie have three children – their first child, Charlotte Ubben, is an actress and producer. Together, they have donated $20 million to the World Wildlife Fund, $5 million to Duke University’s Nicholas School of the Environment, and $21.6 million to Northwestern University.
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