Activist Blue Harbour's main fund up 6.3 percent this year: sources
NEW YORK (Reuters) - Activist investor Blue Harbour's main fund has risen 6.3 percent year to date, boosted in part by a surge in cloud services provider Rackspace Hosting Inc's shares, according to people familiar with the matter.
Rackspace, where Blue Harbour holds a 9.4 percent stake, has seen its stock jump 35 percent since reports surfaced in July that it was in talks to be bought. The company said on Aug. 26 that it agreed to be acquired by Apollo Global Management for $4.3 billion.
Blue Harbour manages $3.3 billion. The firm declined to comment on Wednesday.
(Reporting by Michael Flaherty; Editing by Lisa Von Ahn)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla touts European supervised self-driving safety data ahead of EU vote
- Jury in Lindsay Clancy's murder trial says it is unable to reach unanimous verdict; deliberations continue
- BofA banker Piacenti killed in Times Square stabbing
Create E-mail Alert Related Categories
ReutersRelated Entities
Blue Harbour GroupSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share