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Activist Hedge Fund Acquires $2B Stake in Microsoft

Apr 23, 2013
Jing Chen

Activist hedge fund firm ValueAct Capital has bought a $2 billion stake in software company Microsoft Corp.

Reuters reported that ValueAct CEO Jeffrey Ubben announced at an investor conference Monday that the hedge fund will not attempt to change Microsoft’s current business strategy, although it is pushing the software company to expand its most profitable product, Office, outside of Windows.

Microsoft stock is up 16% this year, its best annual performance since 2009.

ValueAct’s $2 billion stake equates to less than 2% of Microsoft, however it makes the hedge fund one of the largest stakeholders in the company.

Founded in 2000, ValueAct manages approximately $10 billion in assets out of its Boston and San Francisco offices. The firm specializes in acquiring ownership stakes in company that it believes are undervalued.

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