Barry Rosenstein is the founder of JANA Partners, a New York-based hedge fund specializing in event-driven and activist investing founded in 2001. JANA generically employs value-focused long/short strategies but frequently engages in activist campaigns (including ConAgra, PetSmart, Apache, URS, Safeway, Ashland, Marathon Petroleum, McGraw Hill, Walgreen, CNET, Kerr-McGee, Bristol-Myers, EQT and many more).
Barry Rosenstein started his career as an investment banker at Merrill Lynch where he cold-called Asher Edelman, who is believed to have served as the basis for Gorden Gekko on Wall Street, and worked for him at Asher Edelman’s Plaza Securities Corporation. He then formed and acted as managing partner of Reatta Partners through which he attempted to takeover Justin Industries and then founded and headed Genesis Merchant Group’s investment and merchant banking group. He then founded and served as managing partner of Sagaponack Partners, a private equity fund, but decided the investment opportunities were limited and so he started JANA Partners in 2001, with $17 million under management. His biggest backer was Leon Cooperman. As of 2017, JANA Partners had an estimated AUM of $5 billion.
Barry Rosenstein was born in 1959 in West Orange, New Jersey and is the son of Herbert Rosenstein, a senior partner in the tax accounting firm Rosenstein, Schantz & Jacobson. He earned his Bachelor of Science degree in accounting from Lehigh University in 1981 where he graduated Phi Beta Kappa. He then earned his MBA from the University of Pennsylvania’s Wharton School of Business in 1984. He is also a CPA.
Forbes listed Barry Rosenstein’s net worth as $1.3 billion back in 2008. Barry Rosenstein married Lizanne Teitelbaum in 1986 at the Plaza Hotel and together, they have four children. In 2005, he purchased a home in the Hamptons for $19.2 million which he put on the market for $70 million in 2017. This property covers 13,623 square feet and has seven bedrooms, 9.5 bathrooms, a guest cottage, and a lap pool. In 2014, he bought a property in the East Hampton for $147 million, the most expensive home sale ever at the time (60 Further Lane in East Hampton). The beachfront property features 18 acres of landscaped gardens and a mansion built by the former owner, architect Andrew Gordon. Barry Rosenstein also owns a duplex apartment at 15 Central Park West which he bought for $29 million and spent another millions to refurbish it. Noted residents include or have included Robert De Niro, Sting, Norman Lear, Denzel Washington, Bob Costas, Lloyd Blankfein, Sandy Weill, Min Kao, Jeff Gordon, Alex Rodriguez, Dmitry Rybolovlev, and Leroy Schecter. Barry Rosenstein was seriously injured during a wind surfing accident and ignoring advice by doctors to have a surgery, he turned to yoga to fix his injuries and now starts every day with a long session. Barry Rosenstein serves on the board of trustees of Brown University, the Rock and Roll Hall of Fame and 92nd Street Y.
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