Mon, Nov 18, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Etalon Capital launches U.S. SPAC Index

Wednesday, January 03, 2018
Opalesque Industry Update - Etalon Capital Ltd today announced the launch of the U.S. SPAC Index. The index is designed to provide investors with information and exposure to U.S.-listed Special Purpose Acquisition Corporations (SPACs) that have announced an acquisition or merger with operating business.

The new index provides investors with a benchmark and the ability to access pure-play SPACs.

"We have seen the SPAC market becoming more active lately", says Alex Gavrish, CEO of Etalon Capital. "Although more risky and opaque, SPAC companies share many characteristics similar with spin-offs. It is a natural assumption that interesting investment opportunities could be found in this niche as well. The new index will give investors more information and add transparency to this market segment."

The U.S. SPAC Index www.spacindex.com is a unique, rules-based index that tracks the performance of Special Purpose Acquisition Corporations listed in the United States. The index tracks the performance of a representative portfolio of SPAC vehicles that have an enterprise value of at least $1 billion.

The index will track the performance of SPAC companies which announced or completed an acquisition or merger transaction within the last three years. Companies are expected to remain in the index for up to 36 months since addition.

Alex Gavrish, Chief Executive Officer of Etalon Capital, said, "Merger or acquisition by SPAC vehicle of an operating business represents an important corporate event. Similarly to spin-off it becomes an important turning point in company's story. SPACs are a relatively small and opaque segment of the market and we hope that this index will provide more information on these events and highlight interesting investment opportunities."

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. HarbourVest raises $3bn for Co-Investment Fund V[more]

    Laxman Pai, Opalesque Asia: Boston-based HarbourVest Partners closed its latest private equity fund above the fundraising target - the $3 billion HarbourVest Partners Co-Investment Fund V was oversubscribed and above its $2.5 billion target. The fund's strategy is to create a global, diversif

  2. Opinion: Cliff Asness: It's 'time to sin'[more]

    From Institutional Investor: Timing the market can be "deceptively difficult," as quantitative investor Cliff Asness has pointed out before. But now, the AQR Capital Management co-founder believes that while factor timing is "an ugly thing," it is "about time we did some" - specifically when it com

  3. Investing: Hedge fund Whitebox places big bet on gunmaker Remington, Quant funds exit Japanese bonds in worst sell-off since 2013[more]

    Hedge fund Whitebox places big bet on gunmaker Remington From Reuters: Whitebox Advisors LLC, a credit-focused hedge fund, has been quietly capitalizing on Wall Street's ambivalence toward gun manufacturers by replacing some banks as a lender to Remington Outdoor Company. Whitebox

  4. Tech: Investors race to tech start-ups despite SoftBank stumbles, Two Sigma launches risk management software[more]

    Investors race to tech start-ups despite SoftBank stumbles From FT: Investors are planning to pour billions more dollars into later stage tech start-ups, even as Japan's SoftBank reels from a succession of faltering bets. Stephen Schwarzman's Blackstone plans to raise between $3bn and $4b

  5. Regulatory: Carried interest tax rules slated for 2020, official says[more]

    From Bloomberg: The Treasury Department is planning to issue regulations restricting how hedge fund managers can claim a valuable tax break early next year, a top Treasury official said. The regulations will likely bar money managers from using S corporations to take advantage of an exemption