Short Exposure Bails Out Jana Partners in August

In the wake of a profitable sale of Whole Foods, where Jana Partners LLC was reported to have made a $320 million profit, or a 40% return on its initial investment, it was the hedge fund’s short exposure that delivered performance in August, according to a letter to investors reviewed by ValueWalk.

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Top five long exposures drag on Jana Partners LLC performance as short exposure positive

The Long / Short activist hedge fund witnessed short exposure generate 0.7% performance on the month, while longs subtracted 0.1%. The drag on performance could be seen in the $2.26 billion Jana Partners LLC 's largest holdings, with four of the five...