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JANA Partners Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Headquartered in New York City, JANA Partners LLC is a large hedge fund manager with nearly $2 billion in assets under management. The firm has eight financial advisors managing 12 pooled investment vehicles or funds. Identifying and purchasing undervalued securities are central components of the firm’s investment strategy. 

Not everyone can qualify to invest with JANA Partners. Only accredited investors have access to hedge funds. If you aren’t considered a high net worth individual, you may still want to speak with a financial advisor in your area about how to invest your money.  

JANA Partners Background

JANA Partners was founded in 2001 by Barry Rosenstein, who serves as the firm’s managing partner and co-portfolio manager. Rosenstein, who entered finance in 1984, is also a trustee of Brown University and the Rock and Roll Hall of Fame. Partners Scott Ostfeld, Kevin Galligan, David DiDomenico and Jennifer Fanjiang round out the firm’s executive team. JANA Partners works with both accredited investors and institutional investors.

JANA Partners Investment Philosophy

The firm’s long-only strategy, known as JANA Strategic Investment (JSI), targets a wide array of industries in North America and Western Europe with market capitalizations of at least $500 million. The firm’s strategy primarily focuses on shareholder engagement and effecting change in the companies in which it invests.

“As part of the JSI strategy, we seek to bring about change at companies in which we have invested by either working with management to effect change or, where management is unwilling to do so, pursuing a shareholder activist strategy,” the firm’s brochure states.

Largest Hedge Funds Managed by JANA Partners 

JANA Strategic Investments Benchmark Master Fund, LP

AUM: $454,623,628
Minimum: $10 million
Beneficial Owners: 56


AUM: $351,471,583
Minimum: $0
Beneficial Owners: 3

JSI Benchmark SPV I, LP

AUM: $156,502,887
Minimum: $10 million
Beneficial Owners: 2

JANA Strategic Investment Fund V, LP

AUM: $139,862,095
Minimum: $0 
Beneficial Owners: 2

JANA Special Situations Investments II, LLC

AUM: $17,607,460
Minimum: $0
Beneficial Owners:

Fees at JANA Partners

The firm’s management and performance-based fees vary by fund. JSI funds are subject to an annual management fee equal to 1% of an investor’s capital commitment to the fund. Meanwhile, the management fee for JSI Benchmark funds is 1% of the net value of an investor’s assets in the fund.  

Performance-based fees also differ depending on the type of fund. For JSI funds, JANA Partners takes 15% of proceeds that exceed the 8% preferred return. JSI Benchmark funds are charged either 25% of proceeds above the S&P 500 Total Return Index or 17.5% of profits that exceed a 4% rate of return. 

What to Watch Out For

JANA Partners does not have any disclosures listed on its Form ADV. 

It’s important to remember that only accredited investors can invest in hedge funds. To be an accredited investor, you must have at least $200,000 in earned income ($300,000 for couples) in each of the last two years or a net worth of at least $1 million, not including the value of your primary residence.

Becoming a Client of JANA Partners

If you fit the criteria to invest in hedge funds, you can contact JANA Partners through its website, by phone, or by emailing

All information is accurate at the time of this article.

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How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research