Engaged Capital Gets Active With Mid-cap Holdings

HFA Padded
Mark Melin
Published on
Updated on

Glenn Welling’s famous activist hedge fund, Engaged Capital, had down second quarter, subtracting -3.22% and taking the year to date performance to -0.49% at a time when the HFRI Event Driven Index is up 2.09%, a June 30th investor letter reviewed by ValueWalk said. Welling’s mid-cap focus involves a different beta than the larger cap activist fund managers. Also see top hedge fund letters Engaged wants Jamba to get out of New York City stores In 2014 Welling left the $6 billion Relational Capital to start Engaged, where he now manages $624 million. He is a member of the Board of…

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HFA Padded

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.