Subscribe Sign In Register

Premium

Why Hedge Funds Love SPACs

Davidson Kempner and other hedge fund firms regularly scoop up shares of these shell companies, which offer investors an irresistible twist.

By Stephen Taub Stephen Taub
June 20, 2017
2017-06-alpha-stephen-taub-davidson-kempner-newsletter.jpg
2017-06-alpha-stephen-taub-davidson-kempner-article.jpg
Davidson Kempner Capital Management New York offices (Wikimedia Commons/Skylinerider)

Hedge funds love heads-I-win, tails-I-don’t-lose investments.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.

Related
Art_Immunovant_0928.jpg
Premium
The Hedge Fund Winners From Immunovant’s Rise
Stephen Taub
September 28, 2023
Art_59North_0922.jpg
Premium
Here’s Why Michael Bilger’s 59 North Has Been One of the Top Launches in Recent Years
Stephen Taub
September 27, 2023
Pitchbook-9-cover-inflation.png
Sponsored
What’s Next for Inflation, the Fed, and US Growth