The Next Hedge Fund Scandal

Send us a textWhat is the latest free money for Wall Street Hedge Funds? SPAC Arbitrage, which is an investment strategy that seeks to acquire shares or units of a special purpose acquisition company (“SPAC”) at or below its net asset value (“NAV”) in order to generate a return through either:An exit at a premium to NAV once the SPAC announces a business combinationAn exit at NAV, being the IPO price plus accrued interest, while keeping the SPAC WarrantIzzy Englander’s Millennium Management i...