These SPAC Hedge Funds Are Thriving

Niche funds Basso and Difesa are cashing in on the booming market for blank check companies.

(Michael Nagle/Bloomberg)

(Michael Nagle/Bloomberg)

Hedge funds continue to cash in on SPAC mania.

For years, multistrategy firms such as Davidson Kempner and Millennium Management have invested small portions of their large portfolios in these companies. This year, a growing number of hedge fund firms are actively sponsoring new blank check companies going public.


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