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Morgan Creek and EXOS Launch SPAC Originated ETF


Morgan Creek and EXOS Launch SPAC Originated ETF
Actively managed SPXZ targets SPACs pre- and post-merger with an equal weight approach
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CHAPEL HILL, N.C., Jan. 26, 2021 /PRNewswire/ Chapel Hill, North Carolina-based asset manager Morgan Creek Capital Management and New York-based fintech company EXOS Financial today launched the Morgan Creek – Exos SPAC Originated ETF (ticker: SPXZ), an actively managed ETF with an investment strategy focused on Special Purpose Acquisition Companies, or SPACs, and the public companies born from them.
SPXZ seeks to provide investors with liquid, transparent, actively managed exposure to a portfolio of the innovative companies that go public via SPAC mergers. The fund expects to hold approximately two thirds of its capital in an equal dollar weighted portfolio of the largest companies to have completed SPAC mergers over the past three years, and approximately one thi ....

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Hedge Fund and Insider Trading News: Greenlight Capital, Bridgewater Associates, Morgan Creek Capital Management, Starboard Value LP, Arena Pharmaceuticals, Inc (ARNA), BlackBerry Ltd (BB), and More


Hedge Fund and Insider Trading News: Greenlight Capital, Bridgewater Associates, Morgan Creek Capital Management, Starboard Value LP, Arena Pharmaceuticals, Inc (ARNA), BlackBerry Ltd (BB), and More
BOSTON (Reuters) –
Greenlight Capital ended 2020 with a 5.2% gain thanks to a dramatic fourth quarter comeback when bets on a homebuilder, jet leasing company and home security services company turned into a 25% return, the firm said in a letter to investors on Thursday. The hedge fund, run by David Einhorn, lagged far behind the broader S&P 500 index’s 18.4% gain but celebrated its late year surge which it described as “the best quarterly result in Greenlight’s history.” Reuters obtained a copy of the letter. ....

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Salt Creek Capital - Investor, United States


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