JANA Partners is planning to offer a new hedge fund in the second quarter that will combine the firm's signature event-driven style with a more concentrated and longer-term investment approach than it has used in its flagship fund. JANA is planning to seed the new fund with a minimum of $50 million in partner capital.
JANA Nirvana will be the third strategy launched by the firm since its inception in 2001. JANA, which is based in New York and San Francisco, opened its second fund, the small-cap-focused JANA Piranha, in 2005. JANA's largest fund,