Wynnefield Capital
From Wikipedia, the free encyclopedia
| Industry | Hedge funds |
|---|---|
| Founded | 1992 |
| Founder | Nelson Obus, Joshua Landes |
| Headquarters | New York, NY |
| Website | wynnecap.com |
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]