Izzy Englander’s Millennium Management increased its investments in blank-check companies almost six-fold last year as hedge funds poured tens of billions of dollars into Wall Street’s hottest investment product, the Financial Times reports. The New York-based group, which has $47 billion under management, had $4.4 billion invested in SPACs as of December, up from $750 million at the end of 2019, making it the top hedge fund buyer of such vehicles, according to data compiled by SPAC Research. Read more.
Millennium Emerges as Top Hedge Fund Investor in SPACs: Report
