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Wynnefield Capital
From Wikipedia, the free encyclopedia
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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]
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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]
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