# Starboard Value
Who / What
**Starboard Value** is an American hedge fund established to manage and invest in private and public companies through a combination of equity, debt, and other financial instruments. The firm operates under the principle of value investing, focusing on undervalued assets with long-term growth potential.
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Background & History
Founded in **2002**, Starboard Value was created by **Jeffrey Smith** (CEO) and **Mark Mitchell**. The hedge fund specializes in activist investing, leveraging its capital to influence corporate governance, restructuring, or strategic transformations. Early milestones included successful engagements with companies like **General Electric** and **ExxonMobil**, where it played a role in restructuring efforts. Over the years, Starboard has expanded its portfolio while maintaining a reputation for disciplined, high-impact investment strategies.
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Why Notable
Starboard Value is notable for its strategic approach to corporate activism, often challenging management practices through shareholder proposals and direct engagement with boards of directors. Its success in restructuring firms like **GE** (where it helped transition the company into a more focused enterprise) has cemented its reputation as a leader in value-driven investing. The firm’s ability to generate strong returns for investors while driving meaningful corporate change further solidifies its standing in the hedge fund industry.
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In the News
As of recent years, Starboard Value remains active in high-profile engagements across industries, including energy, healthcare, and manufacturing. Its involvement in companies like **ExxonMobil** (where it pushed for a restructuring plan) and **General Electric** continues to draw media attention, highlighting its role as a catalyst for corporate transformation. The firm’s influence persists in discussions about modern activist investing and its impact on market dynamics.
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Key Facts
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