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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.
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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