Starboard Value LP

Starboard Value LP is a private hedge fund sponsor based out of New York City. The company was established in 2002 by Jeff C. Smith and Mark Mitchell, both of whom are still with the company today acting as the CEO/CIO and Head of Risk Management and Trading, respectively. The company was originally an investment strategy and would spin off into its own independent company in 2011. Starboard Value has grown to 18 employees of which 10 are investment professionals. Starboard Value is mainly owned by Starboard Principal Co. LP, which holds the controlling majority holdings in the company with over half of the total holdings, with the remaining ownership split amongst Ramius V&O Holdings LLC and various key executives. The firm utilizes a fundamental methodology with a focused approach to make its investments, focusing on locating undervalued companies. Starboard Value invests mainly in small cap companies in the public equity markets of the U.S. The company invests most heavily in the consumer discretionary sector, which alone makes up over a third of its total asset allocations, and also invests in the finance, information technology, materials, and industrials, in order of decreasing allocation. Starboard Value currently holds approximately $4.7 billion in total assets under management spread across 26 accounts, all of which are discretionary accounts. Both of the firm’s total number of accounts and total assets under management have been increasing in recent years with its total number of accounts increasing from 11 when it became independent to over twice that amount today and its total managed assets growing significantly from $250 million back in 2011 to approaching 18 times that amount today. Starboard Value mainly caters to pooled investment vehicles, which alone makes up approximately two thirds of its client base, and also provides services to state or municipal government entities and others, in order of decreasing clientele.