Of the $166.4 billion raised in IPOs last year, $83.4 billion came through SPAC mergers, Forbes reports. The trend has continued in 2021, with 56 new SPACs brought to market just in the first three weeks alone.
Hedge funds have been taking notice of the SPAC trend, and many have revealed positions in various SPACs. Most funds are bullish on the trend, although at least one thinks SPACs are in a bubble. The article examines the various strategies select hedge funds bring to bear on their SPAC investments. Read more.
