Anand Atre and Tucker Golden, former investment analysts at Kohlberg Kravis Roberts & Co. and Ivory Capital Group, respectively, have joined forces to form Solas Capital Management. The New York-based firm recently launched a value-oriented long/short fund.
The fund will invest in U.S. companies within the small to mid-cap markets. The portfolio will hold an average of 10 to 15 core longs and 15 to 20 core shorts. Its longs will be held between nine and 24 months, while its shorts can be held anywhere between three and 12 months.
Prior to founding Solas, the duo spent time