Scott Ostfeld, Managing Partner and Portfolio Manager at Jana Partners, delivered a compelling presentation at the 2024 Sohn Monaco Investment Conference, focusing on shareholder activism and strategic partnerships. Here are the key takeaways from his speech:
Jana Partners’ Strategy and Track Record
Founded in 2001 by Barry Rosenstein, Jana Partners pursues shareholder activism in public companies to maximize value for all shareholders. They have a long history of activism. A notable example is their investment in Whole Foods, where they acquired a 9% stake and facilitated its sale to Amazon in 2017.