Jana’s Scotch And Roth Ready First Hedge Fund

Apr 12 2010 | 7:55am ET

A pair of former Jana Partners executives is set to launch their first hedge fund this summer.

New York-based Hylas Capital Management, founded by Adam Scotch and August Roth, will launch their event-driven fund in July, HedgeFund.net reports. It is unclear how large the fund will be, or what its fee structure will be, but UBS will serve as its prime broker.

At Jana, Scotch was a managing director and Roth was a principal. In addition, the firm features two other veterans of the $2 billion New York-based firm.

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