market folly

Jeff Ubben's activist hedge fund ValueAct Capital recently filed Forms 3 and 4 with the SEC regarding their position in Willis Group Holdings (WSH).  Per the filings, ValueAct now shows an ownership stake of 17.9 million shares.

ValueAct acquired 568,400 additional WSH shares on June 6th at prices ranging from $38.90 to $39.04.  We've also recently posted about a new stock ValueAct has bought.

Per Google Finance, Willis Group Holdings "provides a range of insurance brokerage, reinsurance and risk management consulting services to its clients worldwide. It has market positions in the United States, in the United Kingdom and, directly and through its associates, in many other countries. It is recognized in providing specialized risk management advisory and other services on a global basis to clients in various industries including aerospace, marine, construction and energy."