1. A $16 Billion Activist Investor is Reportedly Handing Over the Reins to the Next Generation

    A $16 Billion Activist Investor is Reportedly Handing Over the Reins to the Next Generation

    ValueAct's Jeff Ubben is handing power over to the next generation – protégé Mason Morfit, according to The Wall Street Journal.

    Morfit, 41, is currently the fund's president and will become the $16 billion activist hedge fund firm's chief investment officer, according to the Journal.

    Earlier this month, Morfit presented on behalf of the firm at the 13D Monitor's Active-Passive Investor Summit, announcing the activist fund's position in KKR...

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