Family Offices Targeting 800% Returns With SPAC Economics - 0 views
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John Kiff on 21 Apr 21The SPAC boom has attracted financiers, former politicians, athletes and celebrities willing to use their fame to attract retail and institutional investment. About 600 blank-check companies have raised more than $182 billion since the beginning of 2020, according to data compiled by Bloomberg. But family offices - the discrete, sometimes secretive firms that manage the affairs of the ultra-rich - have been one of the biggest driving forces.