JANA shifts co-founder, co-PM Gary Claar to advisory role
By Rob Copeland
Fri Jul 20, 2012
Up 11% for year, Barry Rosenstein’s event-driven firm also hires Och-Ziff vet as head trader.
Changes are coming to
Barry Rosenstein's $3.2 billion JANA Partners. Gary Claar,
who cofounded the event-driven firm with Rosenstein in 2001 and
was co-portfolio manager for his entire tenure, has been
shifted to a lower-profile "senior advisor" role, according to
investor documents obtained by AR.
Claar will no longer have any portfolio management
responsibility, a person familiar with the firm said. Decisions
will run through Rosenstein and co-PM David DiDomenico, who was
hired two years ago as part of the start of what the firm calls
"JANA 2.0," a post-financial crisis rebooting effort. Earlier
in his career, Claar founded...
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