IPOs

Spac investors find stability through the chaos

Shares of special purpose acquisition companies have lost their luster for those who recently saw them as a ticket to fast riches. That is good news for a different group of investors, who treat them as an alternative to bonds.

Known on Wall Street as Spac arbitrage, the trade has become turbocharged of late — thanks in equal parts to the day-trader-fueled craze for  Spacs that materialized late last year and the more-recent slump in Spac demand.

WSJ Logo
Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached