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Why Hedge Funds Love Blank-Check Companies — Especially in This Sector
Deerfield prices its blank-check company’s IPO, while RA Capital’s special-purpose acquisition company makes history.
The only thing hedge funds seem to love more than blank-check companies? Blank-check health care companies. This week Deerfield Capital has become the latest hedge fund to launch a special-purpose acquisition company (SPAC). It is also at least the fourth hedge fund to launch a healthcare-focused SPAC this year alone, in
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