JANA Partners has announced that it will be focusing exclusively on activism. In a letter dated 1/15/2019 a copy of which was reviewed by ValueWalk, Barry Rosenstein told investors:
In 2010, we launched a dedicated, longer-duration shareholder engagement strategy called JANA Strategic Investments (JSI) as a complement to our flagship JANA and Nirvana funds (the flagship funds) which continued to pursue a broader investment strategy.
The latest news? The letter notes:
Today we are announcing that we will transform into a firm solely dedicated to our core competency of shareholder engagement, specifically JSI and other new engagement strategies.
The news was first reported by Reuters earlier today.
Stay tuned for more coverage on this topic shortly.
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