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Two More Hedgies Are Launching SPACs

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

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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