Harbert Value Fund: Harbert Management Corp

Opportunistic player

Harbert unlocks company value for investors

Birmingham, Alabama is not generally associated with hedge funds. Its most famous landmark, a 55-foot cast iron statue called Vulcan, symbolising the city’s steel industry, was created for the St Louis World Fair of 1904. It is the second-tallest metal statue in the US after the Statue of Liberty.

Known mainly for private equity and real estate, Harbert Management, home of the Harbert Value Fund run by Todd Nunnelley, may not dominate the Birmingham skyline in quite the same way, but its performa