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Corsair Capital makes the case for SPACs… both long and short

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Michelle deBoer-Jones
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Corsair Capital was up 15.3% net for the fourth quarter, bringing its full-year return to 6.7% net for 2020. Corsair Select was up 25.3% net, which took its full-year return to 16%.

Q3 2020 hedge fund letters, conferences and more

Investing

In their fourth-quarter letter to investors, which was reviewed by ValueWalk, the Corsair team said their biggest contributors were Danimer Scientific, IAC Corp. and The Match Group, WillScot Mobile Mini Holdings, HD Supply Holdings and Pershing Square Tontine Holdings.

Corsair's biggest contributors

Danimer was previously Live Oak Acquisition Corp, and its stock doubled during the fourth quarter. As expected, all shareholders approved the merger between Danimer and Live Oak. The company received...

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.