What attracted you to the money management business? You could have probably gone in any direction that you wanted. So you had a love affair then with your dad's business. So I've been calling companies for 43 years. And I started calling companies when I was 17. By the way, I interned for him during my high school years. And I remember that it made an impression on me for sure. He was a growth investor and the NIFTY 50 crashed. I think it was in the late '60s or early '70s. My dad started a money management company after leaving Allstate. It's just interesting, we're going to get to it in a second, but before we get there, tell us where you grew up and what your family and your upbringing was like. Can you imagine that? I mean, we're sitting here and you and I grew up in this industry with the legendary Peter Lynch, and of course you were running the legendary value fund as a mutual fund, but we seem to have bifurcated now, right? We're going ETF or hedge fund. It's interesting this week Fidelity Magellan converted to an ETF. And with that, I will turn over to Anthony for the interview. And hosting today's talk is Anthony Scaramucci, the founder and managing partner of SkyBridge Capital, a global alternative investment firm. He also has an MBA from the Kellogg School of Management at Northwestern University. He has a bachelor's degree from Duke University and as someone who grew up in Durham, but likes a lighter shade of blue, I won't hold that one against you, Jeff. Ubben serves on the boards of Duke University, the World Wildlife Fund, The Nature Conservancy's NatureVest, and the E.O. Ubben seeks to make long-term equity investments in companies while working actively with managements and boards to responsibly and creatively address environmental and societal problems. And over that same time period, the S&P 500 annualized return was about 5%, so dramatic out-performance there.Īt Inclusive Capital or In-Cap, Mr. Ubben, served on more than 15 public company boards and generated net annual returns of 15%. During almost 17 years as the sole portfolio manager of the VAC flagship fund, assets under management grew from approximately 65 million to more than 15 billion. Ubben founded ValueAct Capital and pioneered concentrated active value investing. In the year 2000 after five years at Blum Capital in San Francisco, Mr. The Value Funds assets under management grew more than tenfold during Ubben's tenure as portfolio manager.
Ubben began his investing career at Fidelity Investments where he worked alongside legendary investor, Peter Lynch, and ran the Fidelity Value Fund. Jeffrey Ubben is the founder and managing partner of Inclusive Capital Partners. But I'll read you a little bit more about Jeff's background, but he's a man who needs no introduction.
And we're very excited today to welcome Jeffrey Ubben to SALT Talks, somebody who both is investing and making a lot of money for his clients over his long track record, as well as driving social impact and increasingly so in his latest ventures. And our goal on these SALT Talks is the same as our goal in our SALT Conference series, which is to provide a window into the mind of subject matter experts, as well as provide a platform for what we think are big ideas that are shaping the future.
#Valueact drawdown fund series#
SALT Talks are digital interview series with leading investors, creators, and thinkers. I'm the managing director of SALT, which is a global thought leadership forum and networking platform at the intersection of finance, technology and public policy.
Hello everyone, and welcome back to SALT Talks.
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