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"I can't tell you how impactive it was, it was amazing," said the detective.

Impactive Capital has nominated four directors to the board of Envestnet Inc , a U.S. vendor of software that helps manage investments, in a push to improve its financial performance, the hedge fund told Reuters on Wednesday.

Impactive Capital, which holds a 7.5% stake in Envestnet, nominated two men and two women, including its co-founder Lauren Taylor Wolfe, to Envestnet's board.

Impactive Capital said it unveiled the challenge to Envestnet after its attempt to negotiate just one spot on the company's board for Wolfe was unsuccessful.

In its statement, Impactive Capital cited poor profit margins and bad capital allocation among the reasons for Envestnet's underperformance.