The activist hedge fund that shook up Yahoo is crushing it

The activist hedge fund that shook up Yahoo is crushing it as many of its peers struggle.
New York-based Starboard Value's flagship fund is up 8.25% through July this year, according to a performance document viewed by Business Insider.
That compares with a 4.36% return for the HFRI event-driven index, which measures Starboard's activist competitors, over the same period.
Meanwhile, the average hedge fund, which includes firms employing all strategies, is up about only 3% this year through July,