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SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Montes Archimedes Acquisition Corp

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Montes Archimedes Acquisition Corp
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Some big U S hedge funds loaded up on SPACS, value stocks during first quarter

Some big U.S. hedge funds loaded up on SPACS, value stocks during first quarter By David Randall Reuters NEW YORK (Reuters) - A number of well-known U.S. hedge funds bought value stocks and blank-check acquisition companies, selling some winners from the technology-led stock rally as bond yields rose during the first quarter, filings released on Monday showed. Special-purpose acquisition companies, known as SPACs, proved popular among hedge fund managers, with funds such as Third Point and Saschem Head adding shares of SPACs, including FinTech Acquisition Corp V and healthcare company Orion Acquisition Corp to their portfolios. Tiger Global added shares of Revolution Healthcare Acquisition Corp and Soaring Eagle Acquistion Corp and trimmed its position in Facebook Inc.

SPACs End Week on a High (Kind of)

SPACs End Week on a High (Kind of) The SPAC market is still stuck in a kind of stasis with most SPACs meaningfully below NAV, or for a rare few with deals fighting to stay above, but at least it didn t get worse today. Author: Investors saw the broader market rebound from a dismal few days with the S&P up 1.49% and the NASDAQ up 2.32% and even SPACs showed some lift. That said, the average pre-deal SPAC is still trading at $9.83 well below NAV. Yesterday we pointed out that the pitchforks are out for Chamath and SPACs and today will have been a nice, if minor, respite for both. 

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