Wed, Apr 24, 2024
A A A
Welcome Guest
Free Trial RSS pod
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   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1