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Fields of Gold? Jana seeks new money, allies with impact hedge fund

BOSTON (Reuters) – Wall Street investor Barry Rosenstein’s new impact investing fund aimed at serving environmental and social causes could, if he plays his cards right, enhance his traditional business of pushing companies to boost earnings.

The founder of JANA Partners has tapped British musician and activist Sting to sit on the new fund’s advisory board and burnish his credentials with green and socially conscious investors he hopes will pledge at least $ 1 billion.

That amount is a fraction of the billions that have been pulled from Jana since 2015. Its assets have shrunk by more than half to $ 5 billion since then, as hedge fund investors fled to cheaper, passive prod…
Reuters: Money

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