JANA Partners Discloses 9.9% Stake in FirstFed Financial (FED)

June 2, 2008 3:38 PM EDT

In a 13G filing after the close Friday, JANA Partners discloses a FirstFed Financial Corp. (NYSE: FED) 9.9% (1,350,000 shares). The firm did not show stake in FED at the quarter ended 03/31/08.

FirstFed Financial Corp. operates as the holding company for First Federal Bank of California that provides various banking services in California. Its deposit products include passbook, money market deposit, interest-bearing checking, non interest-bearing checking, and fixed-term certificate accounts.

JANA Partners LLC is New York based hedge fund with about $8 billion in assets. The fund launched in April 2001 and is managed by founder Barry Rosenstein. The company primarily invests in the United States public equity markets and uses activist strategies, a market neutral strategy, a long/short equity strategy, and a risk arbitrage strategy while making investments.


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