An activist hedge fund, Starboard, has set its sights on benefits services provider Alight in an exclusive move that could potentially shake up the industry. The hedge fund's interest in Alight signals a strategic shift in its investment focus towards the benefits sector.
Starboard, known for its aggressive approach in targeting underperforming companies, has a track record of pushing for changes in management and operations to unlock shareholder value. The fund's involvement with Alight could lead to significant transformations within the company.
