Jeffrey Ubben's Hedge Fund ValueAct Capital Sells Some Gartner (IT) ~ market folly

Friday, September 10, 2010

Jeffrey Ubben's Hedge Fund ValueAct Capital Sells Some Gartner (IT)

Jeffrey Ubben's hedge fund firm ValueAct Capital recently filed a Form 4 with the SEC regarding shares of Gartner Inc (IT). According to the filing, ValueAct sold 4,000,000 shares at a price of $28.00 on September 7th, 2010. After the sale, they are left with 16,790,013 remaining shares of the company. ValueAct runs a concentrated portfolio with a focus on intensive due diligence and activism in an effort to create value.

This is the first time we've really covered ValueAct Capital and we'll be doing so from here on out due to reader demand. ValueAct was founded by Jeffrey Ubben in 2000. Prior to that, he was a managing partner at Blum Capital Partners and before that a manager of the Fidelity Value Fund. He received his B.A. from Duke University and his MBA from Kellogg at Northwestern University.

Taken from Google Finance, Gartner is "an information technology (IT) research and advisory company. The Company is a partner to 60,000 clients in 10,000 distinct organizations in over 80 countries. The Company’s principal products and services are delivered through its Research, Consulting and Events segments."

For the latest in hedge fund maneuvers, be sure to scroll through our latest SEC filing coverage.

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