Jeff Ubben On Icahn, Loeb, Ackman And "Black Hat" Activist Investing

Can activist investors be divided into “white” and “black” hats? “Friendly” activist hedge fund manager Jeff Ubben thinks so.

“I think the white hat, black hat thing is fine,” Jeff Ubben said, approving of the labeling of activists based on their tactics.

Jeff Ubben prefers working with the management

Speaking on a panel discussion regarding activist hedge fund investing at the Milken Institute Conference in Los Angeles, Jeff Ubben said he prefers working with management, not against them.  “I would define the ‘black hat’ as the activist investor whose first call with...