Jana Partners Boosts Stake in Corel (CREL) Above 5%
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In a 13G filing on Corel Corporation (Nasdaq: CREL), Jana Partners disclosed a 5.4% stake (1,374,000 shares) in the company. This is up from the 1,255,274 share stake held at the quarter ended 3/31/08.
Corel Corporation operates as a packaged software company worldwide.
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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