Wynnefield Capital Explained
Wynnefield Capital, Inc., is an employee-owned hedge fund founded in 1992 by Nelson Obus and Joshua Landes. The fund is a value investor, specializing in U.S. small-cap companies with a business- or industry-specific catalyst. It employs long and short strategies and conducts in-house research in making its investments.[1] [2] The fund has been an activist investor[3] with a number of companies, including Cornell Companies,[4] Crown Crafts,[5] Breeze-Eastern,[6] MAM Software,[7] Chiquita Brands,[8] and Omega Protein.[9]
Wynnefield Capital is based in New York City and is named after Nelson Obus’ and Landes’ childhood neighborhood of Wynnefield in Philadelphia, Pennsylvania.[3]
In May 2014, after a 12-year battle, Nelson Obus and a Wynnefield analyst were exonerated of all insider trading accusations made by the SEC in a trial by jury.[10] [11] [12] [13] [14] Nelson Obus has been an outspoken critic of the SEC[15] and penned an op-ed on regulatory overreach for The Wall Street Journal.[16]
Founders: Nelson Obus and Joshua Landes
Prior to founding Wynnefield, Nelson Obus and Joshua Landes both held senior research equity positions at Lazard Feres & Co.[2] Nelson Obus currently serves on the board of directors for Zionist Organization of America,[17] Layne Christensen Co.,[18] MK Acquisition LLC, and the Princeton Historical Society.[19] Obus also serves on the board of advisors of the Bank of Princeton,[20] the Appalachian Mountain Club,[21] and the Stony Brook-Millstone Watershed Association.[22] He previously served on the Boards of Directors of Breeze-Eastern Corporation and Underground Solutions, Inc.[2]
Landes is a member of the Board of Trustees of S.A.R. Academy in Riverdale, New York;[23] Board of Directors of Ken's Krew[24] and the Zionist Organization of America,[17] and the Vice President of the American Jewish Historical Society.[25] Landes led the financing efforts for the creation of a statue commemorating Uriah P. Levy, the first Jewish admiral to serve in the U.S. Navy.[26]
External links
Notes and References
- https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=748150 "Company Overview of Wynnefield Capital, Inc.,"
- http://www.wynnefieldcapital.com/index2.htm "Welcome to Wynnefield Capital,"
- Susanne Craig, "The Curious Case of Nelson Obus," The New York Times, June 4, 2011.
- Lon Juricic, "Wynnefield: Cornell Companies Should Remain Independent Entity," Seeking Alpha, January 24, 2007.
- http://www.homeandtextilestoday.com/article/386468-crown-crafts-wynnefield-wage-proxy-fight-by-proxy "Crown Crafts, Wynnefield wage proxy fight by proxy,"
- Ted Wallace, "Activist Spotlight: Wynnefield Small Cap Value Fund," The Official Activist Investing Blog, October 28, 2008.
- http://www.businessinsider.com/nelson-obus-and-wynnefield-capitals-latest-insider-filing-2011-6 "Nelson Obus and Wynnefield Capital’s Latest Insider Filing,"
- Chelsey Dulaney, "Glass Lewis Recommends Chiquita Holders Vote Down Fyffes Merger," The Wall Street Journal, October 21, 2014.
- http://ir.omegaprotein.com/releasedetail.cfm?ReleaseID=927187 "Omega Protein Receives Letter from Shareholder,"
- Rachel Abrams, "After Fighting Insider Trading Charges for 10 Years, a Fund Manager Is Cleared," The New York Times, May 30, 2014.
- Nate Raymond, "UPDATE 2-SEC loses insider trading case against NY fund manager," Reuters, May 30, 2014.
- Web site: The SEC cannot win every case. Silverstein. Ed . June 4, 2014. 2016-04-03.
- Web site: Wynnefield’s Nelson Obus Called Innocent or ‘Lamest Insider’. Voris. Bob Van. Bloomberg.com. 2016-04-07.
- News: SEC loses insider trading case against New York fund manager Nelson Obus. 2014-05-30. Reuters. 2016-04-07.
- Rachel Abrams, "12 Years Later, a Fund Manager Gets to Give His Side," The New York Times, May 27, 2014.
- Nelson Obus, "Refusing to Buckle to SEC Intimidation," The Wall Street Journal, June 24, 2014.
- http://zoa.org/wp-content/uploads/media/user/images/Palestinian-state--low-res-44.pdf "The Dangers of a Palestinian State,"
- http://www.layne.com/en/about/board-of-directors.aspx "Board of Directors,"
- http://www.princetonhistory.org/about/board.cfm "2015 Board of Trustees,"
- https://thebankofprinceton.com/contact-us/about-us "About Us,"
- http://www.wynnefieldcapital.com/pp.htm "General Partners,"
- http://thewatershed.org/about-us/board-of-trustees/ "Board of Trustees,"
- https://www.saracademy.org/uploaded/Development/SAR_AR_web_2015.pdf "2015 Annual Report,"
- http://www.kenskrew.org/leadership.htm "Board of Directors,"
- http://www.ajhs.org/officers-trustees "Officers,"
- http://www.jinsa.org/events/regional-cabinet-meetings/pennsylvania/dedication-ceremony-commodore-uriah-p-levy-statue-co-s "Dedication Ceremony of Commodore Uriah P. Levy Statue Co-Sponsored by JINSA,"
