Hedge fund manager Jeffrey Ubben (pictured), CEO of the $19B fund ValueAct Capital, has made his funds investment strategy all about cutting out middlemen.
ValueAct’s “business model-centric” investment strategy (as opposed to “industry-centric”) targets companies that cut middlemen like agents, brokers and wholesalers out of their business transactions, Business Insider reports.
“One common theme we have explicitly chosen to invest in across multiple industries is direct customer engagement and disintermediation,” Ubben wrote in a Feb. 4 letter to investors.
Intermediary-slashing tech firms have been gaining ground in real estate recently, with companies like Padspin, RadPad and Zumper cutting brokers and agents out of the multifamily process. [BI]
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