Engaged Capital Gets Active With Mid-cap Holdings
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 Source: Pixabay 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...
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