market folly

The classic show Wall Street Week has recently been rebooted by Skybridge Capital's Anthony Scaramucci.  The second episode just aired and featured Barry Rosenstein of activist hedge fund JANA Partners.

In it, Rosenstein talked about activist investing and more.  Rosenstein started JANA in 2001 with $17 million and now manages over $10 billion.  He describes his strategy as: "We try to bring out the full value of the company."

On how he identifies candidates, Rosenstein says: "There are still plenty of companies that should be making changes and aren't.  It's not necessarily that management is bad or the board are bad people... We bring attention and a spotlight.  We're looking for companies that have underperformed... both relative and absolute ... We look at these companies and figure out why."


Embedded below is the video of Rosenstein's appearance on Wall Street Week which starts around the 4 minute mark:



For more on this hedge fund manager, head to our recent post on how JANA has gone activist on Qualcomm.