This content is from: Premium
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
To continue reading, subscribe now to Premium Journalism. Already a subscriber? Login.