SPACs have gotten spanked lately, with the SEC warning about them and the once-energetic crowd of new ones shrinking, asset news organization Chief Investment Officer reports.
But the slowing of the craze over SPACs is a good thing because it allows investors to better evaluate them, culling out the best, according to a panel on the subject at CIO’s 2021 Symposium.
“SPACs are here to stay, although at a lower volume,” said Ronald Temple, co-head of multi-asset and head of US equity at Lazard Asset Management, who termed the reduction in SPAC issuance a “healthy” development. Read more.
