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These Are the Winners of the Allocators' Choice Awards | Institutional Investor institutionalinvestor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from institutionalinvestor.com Daily Mail and Mail on Sunday newspapers.
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So, SPACs Are Dead Meat? Not a Chance The craze for the blank check outfits might have dwindled, due to the SEC, but they’re still a good investing choice, our symposium panelists say. SPACs have gotten spanked lately, with the Securities and Exchange Commission (SEC) warning about them and the once-energetic crowd of new ones shrinking. But the slowing of the craze over special purpose acquisition companies (SPACs) is a good thing because it allows investors to better evaluate them, culling out the best, according to a panel on the subject at “SPACs are here to stay, although at a lower volume,” said Ronald Temple, co-head of multi-asset and head of US equity at Lazard Asset Management, who termed the reduction in SPAC issuance a “healthy” development. ....