2020 was the year of the SPAC, with money raised through "blank check" companies outpacing traditional IPOs for the first time. With so many SPACs listing, finding the right ones to invest in them can be an often-times confusing and overwhelming process. Sifting the World's Chris DeMuth Jr. has been investing in SPACs, through the hedge fund he founded, Rangeley Capital, for more than a decade. In the latest episode of The Marketplace Roundtable Podcast, DeMuth and host Jonathan Liss take investors through the SPAC "alphabet", going under the hood of each of the three currently available SPAC ETFs. Chris also discusses his favorite individual SPAC.
Show Notes
3:00 - What are SPACs and why are they so hot right now?
10:00 - Chris' early and ongoing involvement with SPACs
12:30 - Specifics of the SPAC structure
16:45 - The case of DraftKings, the third most successful SPAC listing of all time
26:30 - Chris' favorite SPAC ETF
43:45 - What's an individual SPAC Chris is currently excited about?
50:00 - Sifting the World: Chris' investing process
Learn more about your ad choices. Visit megaphone.fm/adchoices