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SPACs' Dirty Secret: 6 Months After Deal Closure, Median Blank Check Underperforms Russell By 42%

SPACs' Dirty Secret: 6 Months After Deal Closure, Median Blank Check Underperforms Russell By 42%
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

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Hedge Funds Had Another Dismal Quarter: Goldman Explains Why


by Tyler Durden
Friday, May 21, 2021 - 01:20 PM
Earlier today we pointed out the big highlight from the latest Goldman hedge fund tracker for Q1 2021, which is that
after years of being the undisputed king, Amazon was finally dethroned from atop its throne at the top of the Hedge Fund VIP list and replaced with fellow FAAMG stock Facebook.
As noted earlier, despite the change at the top, the same five stocks still rank atop Goldman s list of the most popular long positions, however in a new order:
FB, MSFT, AMZN, GOOGL, BABA. Of the hedge funds in the analysis, 27% own FB shares and 57% of those own it as a top 10position. Of the 15 new VIPs, ....

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