Blue Harbour Group, LP

Blue Harbour Group, LP is a hedge fund sponsor based out of Greenwich, Connecticut. The company was established in 2004 by Clifton S. Robbins, who remains with the company today acting as its portfolio manager and CEO. Blue Harbour Group has grown from its inception to now have 21 employees of which 8 are investment professionals. The company utilizes an event drive methodology with a focus on the value stocks of companies in the private equity market within the U.S. Blue Harbour Group seeks invest in significantly ownership stakes in public companies, focusing on companies that it deems undervalued within the small to midcap range. The company invests most heavily in the information technology sector, which alone makes up over a third of its total asset allocations and also invests in the industrials sector, which makes up another quarter of its total allocations, finance, consumer discretionary, health care, and energy sectors, among other sectors to a lesser degree, in order of decreasing allocation. Blue Harbour Group’s top 10 holdings together make up approximately three quarters of its total asset allocations and the company has a turnover rate of approximately 34.8%. The company currently holds approximately $3.6 billion in total assets under management spread across 12 accounts, all of which are discretionary accounts. Both of Blue Harbour Group’s total number of accounts and total assets under management have been increasing in recent years with its total managed assets growing significantly from $800 million back in 2011 to well over 4 times that amount today. The company mainly caters to pooled investment vehicles, which alone makes up well over three quarters of its total managed assets, and also provides its services to pension and profit sharing plans. Blue Harbour Group takes advisory fees in the form of a percentage of assets and various performance based fees.