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Hedge Funds Scoop Up SPAC Shares
Basso and Difesa have cashed in on the boom in blank-check companies.
Hedge funds aren’t just launching their own special purpose acquisition companies —they’re also scooping up shares of these blank-check companies.Firms such as Adage Capital Management, Falcon Edge Capital and Weiss Asset Management have disclosed large stakes in a slew of these companies seeking a merger partner for a reverse initial
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