JANA gains 8.4% in 2010
January 10, 2011
Suzy Kenly Waite
Bets on cars, cell phones and gold powered the fund's rise in December, but the flagship ended the year with sub-average performance—due, in part, to defensive positions.
The flagship event-driven fund of $2.3 billion JANA Partners profited well from December’s rally but ended the year lagging its peers. The $1.9 billion JANA Partners fund was up 8.4% for the year against an estimated 13.91% rise in the AR Event-Driven Index*.
JANA captured some upside from its long positions in equities in...
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