The big money fueling SPAC mania comes from smart hedge funds--dubbed the SPAC mafia-- capitalizing on a "no lose" trade. No surprise that a fund backed by brilliant billionaire financier Michael Milken owns nearly 150 SPACs.
From Junk Bond King To SPAC Whale: How Michael Milken Became A Big Investor In The SPAC Boom
Forbes - 26 May 2021 20:50
The big money fueling SPAC mania comes from smart hedge funds--dubbed the SPAC mafia-- capitalizing on a "no lose" trade. No surprise that a fund backed by brilliant billionaire financier Michael Milken owns nearly 150 SPACs.
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