Activist investor Ubben shutting down Inclusive Capital

Since 2000, Ubben established himself and the firm as a powerful but friendly investor more interested in working behind the scenes with target companies than pushing for change in public on television or at conferences. — Reuters

NEW YORK: Jeff Ubben, one of Wall Street’s most prominent activist investors, is shutting down Inclusive Capital Partners, a new firm designed to focus on social investing, three years after starting it.

The Wall Street Journal reported on Wednesday that the firm is winding down its funds and is returning capital to investors, citing a memo.