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Posted on: Jan. 15, 2019, 4:01 p.m.
$4 billion hedge fund manager Jana Partners is cutting two funds focused on traditional stock-picking strategies to focus on activism, according to a letter seen by Business Insider. The firm has a $1.5 billion activist fund, Jana Strategic Investment fund, and is planning to a launch a socially- focused activist fund later this year. The firm is the latest to cut its stock-picking offerings after a tough year for these funds. Barry Rosenstein's Jana Partners is cutting its two stock-picking ... Full investment news articleRelevent to this post: BlueMountain Capital Management Leon Cooperman,