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Why Hedge Funds Love SPACs

Davidson Kempner and other hedge fund firms regularly scoop up shares of these shell companies, which offer investors an irresistible twist.

By Stephen Taub Stephen Taub
June 20, 2017
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Davidson Kempner Capital Management New York offices (Wikimedia Commons/Skylinerider)

Hedge funds love heads-I-win, tails-I-don’t-lose investments.

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