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Last year witnessed the meteoric rise of special purpose acquisition company (SPAC) deals. But, as regulators take a closer look at this development and fewer deal-ready companies are available for acquisition, the industry could see a slow-down in momentum.
“This latest iteration of the SPACs market is a lot more mature, and the industry is starting to see bigger names putting their weight behind it. There is growing market acceptance of SPACs for a whole range of reasons,” outlines Jeremy Swan, Managing Principal – Financial Sponsors & Financial Services Industry, CohnReznick.
He says that from a financial perspective, a SPAC
By A Paris – Following a year of high exuberance, the market for special purpose acquisition companies (SPACs) has slowed since peaking in mid-February 2021. Now, with the US Securities and Exchange Commission (SEC) changing accounting rules and vowing to keep a close eye on the market, the momentum behind these vehicles has reduced. But despite the market cooling off, the space remains attractive as the increased scrutiny can lead to better quality structures with more robust due diligence on behalf of sponsors, to the benefit of the investors.
“Since the beginning of 2020, SPACs have raised a collective USD167 billion in
Hedge fund performance was broadly positive in April, with 85 per cent of funds reporting to eVestment seeing positive performance figures and the industry as a whole posting a return of +2.61 per cent for the month, according to the just-released April 2021 eVestment hedge fund performance data.
Argentium Digital Asset Management, the London-based cryptocurrency hedge fund founded by ex-JP Morgan and Credit Suisse manager Paul Frost-Smith, has appointed its advisory board.
In this latest report, we deep dive into how Cowen’s Outsourced Trading Solution is able to support hedge funds with an array of services, and what its growth outlook is for 2021. To read the report in full please click here.
FusionIQ, an investment research and technology provider, has added more than 30 alternative investment products to its workstation through an integration with Galaxy Plus. Alongside equities and fixed income products, FusionIQ customers can now analyse and invest in a variety of alternative investment strategies.
Read the full story at Wealth Adviser…
Crypto hedge funds remain well-placed to capitalise on bitcoin’s volatile price moves, after Tesla CEO Elon Musk’s decision to suspend bitcoin payments sent the coin’s value plummeting this week.
Pico, a provider of technology services for the global financial markets community, has teamed with Intel to achieve 100Gbps sustained real-time processing for its market leadingCorvil Analytics product which is used by the world’s largest banks, exchanges, quantitative hedge funds, electronic market makers and brokers to manage and analyse their network flow.
By Chris Zellner, Co-Founder, COO and CCO, Asymmetry Capital Management – Asymmetry Capital Management is a diversified equity long/short healthcare fund located in San Francisco. We launched the fund in January 2013. We launched the Fund in an infrastructure partnership with a boutique asset manager, which enabled us to use their trading desk. In September 2015, as they were being sold to another firm, we took the decision to spin out on our own. Doing so meant we needed to replicate the infrastructure partnership we had enjoyed.
At that time, outsourced trading had grown to the point where major institutional allocators were
Cowen Digital Asset Investment Company LLC, a division of Cowen, Inc and PolySign, Inc have partnered, with the goal of enabling Cowen’s institutional clients to seamlessly secure, access and leverage cryptocurrencies and digital assets in their portfolios.
Read the full story at Institutional Asset Manager…
