Prominent hedge funds have emerged as top investors in this year’s biggest boom: SPACs, or special purpose acquisition companies.
Most recently, Soroban Capital Partners has taken a 5.7 percent stake in this year’s biggest SPAC — Bill Ackman’s $4 billion Pershing Square Tontine Holdings, which debuted July 22 at $20 per unit and was up 8 percent through August 17.
