The Street – Barry Rosenstein, founder of Jana Partners, is best known as an investor activist. But the hedge fund manager made some intriguing moves in the third quarter, notably buying more shares of Google while cutting his stakes in gold and Apple.
In his role as an activist investor, Rosenstein has most recently targeted McGraw-Hill, the owner of Standard & Poor’s. Jana Partners previously initiated a stake in the company and hopes to break it up to unlock value. In September, McGraw-Hill announced that it would separate into two public companies, notching another victory for Rosenstein.