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Third Point Among Hedge Funds Backing Blank-Check Companies

Dan Loeb’s firm is playing a significant role in a new special-purpose acquisition company, making it one of many hedge fund firms to get in on the trend.

  • By Stephen Taub

Hedge funds are looking to get involved in the sponsorship of the booming blank-check market.New issues of so-called SPACs — or special purpose acquisition companies — are on pace to possibly top records set last year, when 73 deals went public, raising $14.8 billion. According to Dealogic, a total of

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