Founded in 2000, ValueAct Capital manages over $1.5 billion on behalf of institutional and wealthy individual investors. They have made over 100 core investments and served on over 40 public company boards. Their goal is to leave a company in a better position than when they first invested in it, holding positions for 3-5 years and occasionally for 10 years or more. They believe in integrity, deep understanding of industry structure and business strategy, and consideration of relevant social, ethical, and environmental issues. The firm is known for its activist approach, buying large stakes in undervalued companies and working with management to improve performance. Their current portfolio includes stakes in companies such as Advanced Medical Optics Inc.