SPACs: The $100B Misunderstood Asset Class – Wealthspring Capital – 6.21.21

Overview:
Title: SPACs: The $100B Misunderstood Asset Class
Date: Monday, June 21, 2021
Time: 1:00 PM Eastern Daylight Time
Duration: 1 hour

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Summary:

Not Available For On Demand. 2020 was dubbed the “Year of the SPAC” raising $83B in issuance. This year we’ve already eclipsed that mark with over $100B issued. This growth is enough to raise eyebrows and attention from retail investors to SEC regulators. The spotlight and recent scrutiny on Special Purpose Acquisition Corporations (SPACs) is warranted, but to fully grasp the true story and total potential, advisors need an understanding of their unique underlying features and operating structure – then how to invest in them, attract clients with them, and grow AUM as a result. Wealthspring Capital is an investment firm dedicated to SPACs. We offer investment strategies that aim to capitalize on the overlooked and unrealized potential that exists within SPACs. We mine the entire SPAC life cycle: dissecting, analyzing, and selectively participating in every aspect from SPAC to DeSPAC. In this informative and client-centric session on SPACs, managing partners, Matthew Simpson and David Gallers will reveal the complexities and mechanics of the SPAC ecosystem.

  • Understand the entire SPACs lifespan
  • Explore the underlying SPAC substrate: Founder’s Shares, SPAC IPOs, PIPES, Units/Shares/Warrants, US Treasury Bills
  • Discuss historical and current data performance analysis
  • Provide portfolio and asset class considerations: benefits and risks
  • Recommend best practices for how SPACs are being used to attract clients and increase AUM
  • Share our approach to SPACs with an SMA platform and Hedge Fund strategy

Speakers:
Matthew Simpson, CFA Matthew Simpson, CFA Managing Partner Wealthspring Capital

Matt’s background has encompassed a broad array of financial products and markets. Most recently Matt was the Head of the US Credit Solutions group at Mitsubishi Securities. Previously, he spent a considerable portion of his career at Deutsche Bank where he was a Managing Director responsible for the Global Portfolio Management of the interest rate, foreign exchange, and credit risk of the structured products business. Matt graduated from Loyola University, Maryland with a BBA and has earned the Chartered Financial Analyst certification.
David Gallers David Gallers Managing Partner Wealthspring Capital

Prior to co-founding Wealthspring Capital, David managed a portfolio of commercial real estate and public market investments for Mavros Holdings, a family office. Previously, he was a Portfolio Manager responsible for a credit/equity relative value strategy at Lucidus Capital Partners, a 2bn hedge fund. Prior to joining Lucidus, David was a managing director and the head of North American Index Trading for UBS. He previously spent a decade in the credit trading business at Deutsche Bank where David was a pioneer in the formation of the credit index market and headed a proprietary group focused on capital structure arbitrage. David holds an MBA from Columbia University and a BA in Actuarial Science from the University of Michigan.