Looking back on JANA's management change


Absolute Return also revisits the MFA's opposition to commodities curbs.

One year ago

>> JANA Partners shifted co-founder Gary Claar from co-portfolio manager to a "senior advisor" role.

The transition has been smooth. The flagship event driven JANA ended 2012 up 23.16%, beating the Absolute Return Event Driven Index and earning a nomination at the Absolute Return Awards. This year, it is up a further 10.25%, almost double the benchmark (see performance for all of the firm's funds here).

"We expected that 2013 would be a fruitful year for our strategy given the favorable backdrop for equities broadly, the availability of financing at attractive rates, the need