Morgan Creek and EXOS Launch SPAC Originated ETF
Actively managed SPXZ targets SPACs pre- and post-merger with an equal weight approach
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CHAPEL HILL, N.C., Jan. 26, 2021 /PRNewswire/ Chapel Hill, North Carolina-based asset manager Morgan Creek Capital Management and New York-based fintech company EXOS Financial today launched the Morgan Creek – Exos SPAC Originated ETF (ticker: SPXZ), an actively managed ETF with an investment strategy focused on Special Purpose Acquisition Companies, or SPACs, and the public companies born from them.
SPXZ seeks to provide investors with liquid, transparent, actively managed exposure to a portfolio of the innovative companies that go public via SPAC mergers. The fund expects to hold approximately two thirds of its capital in an equal dollar weighted portfolio of the largest companies to have completed SPAC mergers over the past three years, and approximately one third of its capital in
Ernest Werlin
Chaos theory is the science of surprises. By understanding how our ecosystems and our economic systems are interconnected, we can hope to avoid actions detrimental to our long-term well-being. One example is the butterfly effect. This refers to the impact of a butterfly that has flapped its wings in New Mexico subsequently causing a hurricane in China.
Over my lifetime, I have observed how seemingly singular events can have global repercussions. The OPEC oil embargo, the meltdown of hedge fund Long Term Capital Management and the subprime mortgage implosion created worldwide meltdowns.
Is there an economic tsunami in the offing? The fantastic run-up in the prices of initial public stock offerings (IPOs), the boom in financings by Special Purpose Acquisition Companies, and the absurdly low level of interest rates offered by high risk CCC bond issuers could have significant downward repercussions.
UpHealth Holdings Inc. , an integrated global platform serving four large digital health markets, today announced that, in connection with its previously announced business combination with. | January 24, 2021
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Two crossed lines that form an X . It indicates a way to close an interaction, or dismiss a notification. Evan Ratner is a SPAC portfolio manager at Easterly Alternatives. Easterly Alternatives
Evan Ratner is a portfolio manager specializing in SPAC investing at Easterly Alternatives.
He started investing in SPACs in 2007 and witnessed how they have evolved into a feeding frenzy.
He shared the key to finding attractive SPACs, including three blank-check companies on his radar.
Evan Ratner never thought he d see the SPAC boom of 2020. SPACs used to be a backwater as a way for guys to easily raise pools of capital, said Ratner, who started investing in Special Purpose Acquisition Companies in 2007. The so-called blank-check companies are created solely to raise capital through an initial public offering and acquire an existing firm.
Energy prices and oil demand could drop to levels not seen since the late 1960’s
Tom Quinn
Founder of E-Fuel Corporation
On September 4, 1882, Thomas Edison flipped the switch on the world’s first power grid system at the Pearl Street Station in the Financial District of Manhattan that was fired by coal with stacks
spewing out hot air pollution. During this same period John D. Rockefeller began producing kerosene and gasoline fuels, followed by Henry Ford’s first automobile production plant, and the Wright
Brothers kickstarting the aviation industry. Most scientists would agree this era likely triggered our current major Climate Change condition. In the past twelve-years, the U.S. and international investors