This content is from: Premium

PSAM Is Launching a SPAC Fund

The event-driven specialist has devoted 40 percent of its flagship fund’s assets to blank-check companies.

PSAM is the latest hedge fund firm to catch SPAC fever.P. Schoenfeld Asset Management told clients in its fourth quarter letter that it is raising money for a fund that will invest in special-purpose acquisition companies, or SPACs.It said it will seek to invest “opportunistically across the SPAC lifecycle with

To continue reading, subscribe now to Premium Journalism. Already a subscriber? Login.

Related Content