Hedge Funds Performance

JANA drops in August

by

After making back some of its earlier losses in July, Barry Rosenstein and Gary Claar’s flagship fund is down again.

After pulling itself into positive territory in July, the flagship fund at Barry Rosenstein and Gary Claar’s $2.2 billion JANA Partners is back in the red after a negative August.

JANA Partners dropped 3% in August, bringing it down 7 basis points this year. The fund has produced a net annualized return of 13.8% since its inception in April 2001.

One of the firm’s successful deals this July was its investment in Charles River Laboratories International, a preclinical drug research company. On June 7, JANA bought 4.7 million shares, or 7% of the company. They then spoke out