Two More Hedgies Are Launching SPACs

Health care specialist Cormorant and two former Och-Ziff MDs are the latest bandwagon jumpers.

Bihua Chen, CEO of Cormorant Asset Management (Alex Flynn/Bloomberg)

Bihua Chen, CEO of Cormorant Asset Management

(Alex Flynn/Bloomberg)

Another two firms have joined the rapidly growing list of hedge funds that are raising money for blank check companies, including one led by former Och-Ziff managing directors.

On Thursday Duddell Street Acquisition Corp. filed with regulators plans to raise at least $175 million for a special purpose acquisition company (SPAC).

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