“Crave Huge Risk, this investment may be for you” says a 2005 article by the New York Times. “A fools game” states another recent editorial regarding highly unknown and underappreciated investment vehicles known as SPAC’s, or Special Purpose Acquisition Corporations.So little is known about these investments that many top tier hedge fund managers shy away from them due to their blatant uncertainty. Brokers and advisors regard them as merely tools of speculation, with one recent news article quoting a prominent broker stating “if this is your thing, just go to Vegas, your odds are the same and you’ll eat for free”.
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