JANA Partners Boosts Gains in August

The activist hedge fund’s major portfolio shakeup in the second quarter continues to pay off.

Illustration by II

Illustration by II

Barry Rosenstein’s JANA Partners extended its gains for the year for a fifth straight month.

The activist hedge fund firm’s flagship fund — also called JANA Partners — gained 2.2 percent in August and is now up 9.2 percent for the year. JANA Nirvana, which generally maintains greater gross and net exposures than JANA Partners, rose 3.3

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