Jana Up 5.3% Through June

Jul 2 2014 | 8:56am ET

Jana Partners enjoyed modest gains in the first half, well ahead of the average hedge fund but slightly lagging the broader markets.

The New York-based activist hedge fund returned 5.3% in the first six months of the year, capped by a 1.6% rise in June, reported The Wall Street Journal. By contrast, the average hedge fund returned under 2% through May, and the Standard & Poor’s 500 Index 6.8% in the first half.

The $10 billion firm did not break down its performance by position in its monthly investor update. But its new investments are doing well: Walgreen Co. has returned 28% this year and AerCap Holdings 21%.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...