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Hedge Funds Are Long These Three SPAC Deals

Soroban has a stake in Bill Ackman’s Pershing Square Tontine, while DraftKings and Nikola have attracted hedge funds including Hudson Bay.

Prominent hedge funds have emerged as top investors in this year’s biggest boom: SPACs, or special purpose acquisition companies.Most recently, Soroban Capital Partners has taken a 5.7 percent stake in this year’s biggest SPAC — Bill Ackman’s $4 billion Pershing Square Tontine Holdings, which debuted July 22 at $20 per

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