FILE PHOTO – Barry Rosenstein, founder and managing Partner of JANA Partners LLC., speaks in the course of the Sohn Investment Conference in New York May four, 2015. REUTERS/Brendan McDermid
BOSTON (Reuters) – Activist hedge fund Jana Partners advised shoppers in a efficiency replace that it lost 6.3 percent final month when stocks tumbled however that it stays in the black for the yr so far.
Barry Rosenstein’s Jana Partners fund, recognized for posting double digit returns for years, is now up 2.four percent for the yr, based on and replace which was seen by Reuters. It is trailing the Standard & Poor’s 500 index three percent achieve for the yr. Investors are bracing for a slew of poor hedge fund returns in October when the S&P dropped 6.9 percent.
Reporting by Svea Herbst-Bayliss