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Posted on: Jan. 16, 2019, 6:06 a.m.
NEW YORK — Jana Partners LLC, founded by Barry Rosenstein, is shutting down two stock-picking hedge funds following losses and will focus instead on its main strategy of investing in a handful of companies and pushing management to improve their performance. The New York-based firm, which managed US$11 billion at its peak in 2015, will liquidate its Jana Partners and Jana Nirvana funds, the firm told its investors in a letter seen by Reuters. Full investment news articleRelevent to this post: Barry Rosenstein Daniel Loeb,