Millennium Emerges As Top Hedge Fund Investor In Spacs

Details

Publish Date:

February 18, 2021

Author(s):

Aliaj, Ortenca
Kruppa, Miles

Source:

Financial Times

Related Person(s):

Related Organization(s):

Stanford Securities Litigation Analytics (SSLA),
John M. Olin Program in Law and Economics,
Arthur and Toni Rembe Rock Center for Corporate Governance

Summary

Michael Klausner, a professor at Stanford Law School who has studied Spacs, called them “an enormous gold mine” for hedge funds. “It offers an investment with no downside whatsoever and a free warrant in a company to be designated later.”