An Inside Joke for the Super-Rich

Here’s a spicy take from Michael Cembalest at JPMorgan:
The SPAC ecosystem involves significant wealth transfers from buy-and-hold investors to SPAC Arb investors, and from companies going public to SPAC Arb investors and SPAC sponsors
And here’s a list of people looking to cash in on this wealth transfer:
Alex Rodriguez is looking to raise $500 million
Paul Ryan, former House Speaker is looking to raise $300 …

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