Boaz Weinstein's Saba Capital is launching its SPAC Opportunities fund, with its first close set for Feb. 28. In a presentation about the fund, which was reviewed by ValueWalk, the firm noted that the market for special purpose acquisition companies grew significantly last year.
Q3 2020 hedge fund letters, conferences and more
In 2020, companies raised $82.6 billion through SPAC initial public offerings, with an average deal size of $300 million. Issuance climbed throughout the year as investors and entrepreneurs looked for alternatives for liquidity events. Going into this year, the SPAC market is already humming along.
Saba announces SPAC fund
Saba Capital said it has a competitive advantage in the SPAC...
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