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Hedgies See SPACs Flounder

Starboard, Glenview, and Third Point vehicles have dipped below their IPO prices.

Blank-check companies — SPACs whose sole purpose is finding private companies to merge with — may be the hottest investment trend of 2020, with close to $60 billion raised through these vehicles. But a number of the most prestigious hedge fund are seeing their efforts struggle.For example, Larry Robbins’ Glenview Capital

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