Rosenstein's Jana Sees Assets Plunge in Half in Two Years
- Assets under management fell to $4.6 billion in December
- Jana Partners has underperformed rivals in past two years
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Jana Partners, the event-driven hedge fund run by Barry Rosenstein, has lost more than half its assets in about two years as performance waned.
Jana managed $4.6 billion firmwide as of December, down from $11 billion in August 2015, according to an investor letter seen by Bloomberg. The Jana Partners Fund gained 5.6 percent last year and 2.3 percent in 2016, lagging behind the HFRI event-driven index in both periods.