Published on 19 Sep 2022 on Insider Monkey via Yahoo Finance
7 Best Stocks to Buy According to Activist JANA Partners
This article discusses the top 7 stock picks of activist JANA Partners at the end of the second quarter. You can skip our detailed analysis of the fund, its history and recent performance if you are short on time and go directly to 3 Best Stocks to Buy According to JANA Partners.
Founded in 2001, JANA Partners is a hedge fund that manages approximately $2 billion in assets. The firm is based in New York City and is run by founder, managing partner, and co-portfolio manager Barry Rosenstein. JANA Partners focuses on investing in companies that are undergoing change or are in need of operational improvement. The firm is known for being an activist investor, meaning that it takes an active role in the management of the companies in which it invests.
Prior to founding JANA Partners, Mr. Rosenstein worked as an investment banker at multiple financial institutions. He received his MBA, with honors, from the University of Pennsylvania’s Wharton School of Business in 1984 and joined Merill Lynch’s mergers and acquisitions divisions in the same year. During the mid-80s, Mr. Rosenstein worked for well-known ‘corporate raider’ Asher B. Edelman’s Plaza Securities Corporation. Before founding JANA Partners with $35 million in capital, his last role was as a principal at Sagaponack Partners, a private equity firm.