After a Bad Run, JANA Labors to Reach to Break-Even

The firm made changes after first-quarter declines, which have produced two months in a row of gains. The high-water mark remains elusive.

JANA Partners continues to chip away at its early-year losses as it works hard to get back to break-even.

The New York hedge fund firm founded by Barry Rosenstein posted a 1 percent gain in its flagship JANA Partners fund in August, cutting its loss for the year to 3 percent.

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