Business > Running

Tom Finke recounts how he went from running a $345 billion money manager to joining in the SPAC boom as a sponsor - and shares 3 characteristics investors should look for in an ideal blank-check company

17 days ago   |   By Business Insider

Summary List Placement The red-hot SPAC market broke a new record this week as 133 special-purpose acquisition companies raised around $40 billion this year through Wednesday. It took until October to reach the same number of SPACS last year.
Tom Finke's Adara Acquisition Corp. , which made its debut on Tueday, was among the new "blank-check companies."
While Finke's name might not be as familiar as recent SPAC entrants such as Colin Kaepernick or Shaquille O'Neal , he is a financial force of his own - having served as the CEOs of two asset managers and famously led the 2016 merger of...
Read more ...

 


Search by Tags

   Running      Market  


The US House passes H.R. 1, a major voting rights and campaign finance...

The US House passes H.R. 1, a major voting rights and campaign finance reform package

Summary List Placement The House passed H.R. 1, Democrats' flagship democracy reform and voting rights legislative package, in a Wednesday nightvote. The bill, dubbed the For... Read more ...

Watchdog says Elaine Chao, ex-transpo secretary and Mitch McConnell's wife...

Watchdog says Elaine Chao, ex-transpo secretary and Mitch McConnell's wife, misused office including making staff edit her dad's Wikipedia page

Summary List Placement Elaine Chao, the former transportation secretary under Trump and wife of Senate Minority Leader Mitch McConnell, was cited by the Inspector General for... Read more ...

Israel accuses Iran of deliberately spilling oil to pollute its shores...

Israel accuses Iran of deliberately spilling oil to pollute its shores, calling it 'environmental terror'

Summary List Placement Israel on Wednesday accused Iran of intentionally orchestrating a massive oil spill near its shores in early February. Israeli Environmental Protection... Read more ...

The 20 best US schools for computer science and information systems

The 20 best US schools for computer science and information systems

Summary List Placement Global higher education research company QS Quacquarelli Symonds just published its 11th annual rankings of the best global colleges and universities for... Read more ...

XL Fleet slumps 20% as famed investor Carson Block goes short, says the...

XL Fleet slumps 20% as famed investor Carson Block goes short, says the market is in a SPAC bubble full of 'garbage'

Summary List Placement Shares of XL Fleet tumbled as much as 20% on Wednesday as Carson Block of Muddy Waters Research revealed he was short the company. Block said that... Read more ...

UBS more than doubles its Tesla price target, citing huge upside in the...

UBS more than doubles its Tesla price target, citing huge upside in the automaker's software business

Summary List Placement UBS more than doubled its price target for Tesla on Tuesday, from $325 to $730, while keeping its neutral rating, citing the electric car maker's... Read more ...

Cuomo says he won't resign following sexual harassment allegations, insists...

Cuomo says he won't resign following sexual harassment allegations, insists he 'never touched anyone inappropriately'

Summary List Placement New York Gov. Andrew Cuomo said he was "embarrassed" and "ashamed" on Wednesday over the way he behaved with women who have recently come forward to... Read more ...

Walmart says it will invest $350 billion in US manufacturing over the next...

Walmart says it will invest $350 billion in US manufacturing over the next decade

Summary List Placement Walmart plans to invest $350 billion over the next decade in products made, grown, or assembled in the US to strengthen domestic manufacturing. "More... Read more ...

An American contractor died of a heart attack as rockets rained down on a...

An American contractor died of a heart attack as rockets rained down on a base hosting US troops in Iraq

Summary List Placement The Pentagon said that a US civilian contractor died of a "cardiac episode" while taking shelter during a rocket attack on a base in Iraq hosting US... Read more ...

Joe Biden has reportedly approved cutting the number of people eligible for...

Joe Biden has reportedly approved cutting the number of people eligible for a third stimulus check

Summary List Placement President Joe Biden has reportedly signed off on faster phaseouts for $1,400 stimulus checks, a step that would cut the number of people eligible for a... Read more ...