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Nikola is a social investing home run for Jeff Ubben as he launches new fund

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Jeffrey Ubben, CEO of ValueAct Capital Partners

Ann Johansson | Corbis | Getty Images

On paper, this trade has already been a home run for Jeff Ubben and ValueAct, turning $154 million of its investors’ money into $1.46 billion in possibly the best example so far in the new stakeholder era that mitigating issues associated with climate change and social inequities are being rewarded with high valuations and excess returns.

Company: Nikola Corporation (NKLA)

  • Business: The company specializes in battery-electric and hydrogen trucks and powersports vehicles. It is seeking to provide zero-emissions transportation and infrastructure solutions. Its potential product lineup includes…



Source cnbc.com

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