Naveen Jeereddi, a former analyst at the multi-billion dollar event-driven, value-oriented investment fund The Baupost Group, is readying his first fund. The fund, being launched through his New York-based Tala Investments, is set to begin trading in early July.
Tala will manage a flexible, value and event-focused fund that invests on a global basis in equity and debt securities that trade at a discount to intrinsic values and have identifiable catalysts to realize such value.
The fund will primarily focus on opportunities in smaller, less-followed companies and situations. Underlying the investment strategy is a belief that attractive value-oriented