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Did Hedging Hold Jana Partners Back in October?

Barry Rosenstein’s New York-based firm posted slight gains in its main funds despite strong returns in its positions.

       Jana Partners founder Barry Rosenstein. Photo: (Bloomberg News) Barry Rosenstein’s Jana Partners Fund returned less than 1 percent in October, making Jana the second high-profile hedge fund to have reported an anemic profit last month, when the S&P 500 jumped 4.5 percent, the Dow Jones industrial average rose 2.8 percent and

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