Engaged Capital Gets Active With Mid-cap Holdings

Glenn Welling’s famous activist hedge fund, Engaged Capital, had down second quarter, subtracting -3.22% and taking the year to date performance to -0.49% at a time when the HFRI Event Driven Index is up 2.09%, a June 30th investor letter reviewed by ValueWalk said. Welling’s mid-cap focus involves a different beta than the larger cap activist fund managers. Also see top hedge fund letters Engaged wants Jamba to get out of New York City stores In 2014 Welling left the $6 billion Relational Capital to start Engaged, where he now manages $624 million. He is a member of the Board of…