Short Exposure Bails Out Jana Partners in August

HFA Padded
Mark Melin
Published on
Updated on

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.   [timeless] 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...

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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.