When the news broke on Friday that activist hedge fund Starboard Value had taken a position in Yahoo (YHOO) and was pushing for a Yahoo-AOL merger, many people were probably asking, “Who is Starboard Value?”
As I told Bloomberg on Friday, Starboard Value has one of the best track records of any hedge fund out there; they have been profitable on 85% of their activist campaigns since 2002.
Starboard also has produced some of the best risk-adjusted returns of any hedge fund in the industry, and they do the most exhaustive and comprehensive research of any activist investor I have ever followed.
Here is the entire Bloomberg article on Starboard Value, including my quotes about Starboard to Bloomberg’s top activist-investing reporter, Beth Jinks.
Will Meade
President of The Billionaires Portfolio