Wynnefield Capital

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, Inc.
IndustryHedge funds
Founded1992
FounderNelson Obus, Joshua Landes
HeadquartersNew York, NY
WebsiteWynnefieldCapital.com

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 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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References
  1. "Company Overview of Wynnefield Capital, Inc.," Bloomberg News, retrieved December 9, 2015.
  2. "Welcome to Wynnefield Capital," WynnefieldCapital.com, retrieved December 9, 2015.
  3. Susanne Craig, "The Curious Case of Nelson Obus," The New York Times, June 4, 2011.
  4. Lon Juricic, "Wynnefield: Cornell Companies Should Remain Independent Entity," Seeking Alpha, January 24, 2007.
  5. "Crown Crafts, Wynnefield wage proxy fight by proxy," HomeAndTextilesToday.com, August 3, 2007.
  6. Ted Wallace, "Activist Spotlight: Wynnefield Small Cap Value Fund," The Official Activist Investing Blog, October 28, 2008.
  7. "Nelson Obus and Wynnefield Capital’s Latest Insider Filing," Business Insider, June 5, 2011.
  8. Chelsey Dulaney, "Glass Lewis Recommends Chiquita Holders Vote Down Fyffes Merger," The Wall Street Journal, October 21, 2014.
  9. "Omega Protein Receives Letter from Shareholder," OmegaProtein.com, August 11, 2015.
  10. Rachel Abrams, "After Fighting Insider Trading Charges for 10 Years, a Fund Manager Is Cleared," The New York Times, May 30, 2014.
  11. Nate Raymond, "UPDATE 2-SEC loses insider trading case against NY fund manager," Reuters, May 30, 2014.
  12. 4, Ed SilversteinJune; 2014. "The SEC cannot win every case". Retrieved 2016-04-03.CS1 maint: numeric names: authors list (link)
  13. Voris, Bob Van. "Wynnefield's Nelson Obus Called Innocent or 'Lamest Insider'". Bloomberg.com. Retrieved 2016-04-07.
  14. "SEC loses insider trading case against New York fund manager Nelson Obus". Reuters. 2014-05-30. Retrieved 2016-04-07.
  15. Rachel Abrams, "12 Years Later, a Fund Manager Gets to Give His Side," The New York Times, May 27, 2014.
  16. Nelson Obus, "Refusing to Buckle to SEC Intimidation," The Wall Street Journal, June 24, 2014.
  17. "The Dangers of a Palestinian State," ZOA.org, retrieved December 9, 2015.
  18. "Board of Directors," Layne.com, retrieved December 9, 2015.
  19. "2015 Board of Trustees," PrincetonHistory.org, retrieved December 9, 2015.
  20. "About Us," TheBankofPrinceton.com, retrieved December 9, 2015.
  21. "General Partners," WynnefieldCapital.com, retrieved December 9, 2015.
  22. "Board of Trustees," TheWaterShed.org, retrieved December 9, 2015.
  23. "2015 Annual Report," p.28, SARacademy.org, retrieved December 9, 2015.
  24. "Board of Directors," KensKrew.org, retrieved December 9, 2015.
  25. "Officers," AJHS.org, retrieved December 9, 2015.
  26. "Dedication Ceremony of Commodore Uriah P. Levy Statue Co-Sponsored by JINSA," JINSA.org, December 30, 2011.
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