This Week In SPACs

This week, Alternative Asset Management Acquisition Corp announced that the SPAC had agreed to acquire Halcyon Asset Management LLC. Halcyon is the second prominent hedge fund to come public via a merger with a Special Purpose Acquisition Company, or SPAC (GLG Partners listed on the NYSE a few months ago via acquisition by Freedom Acquisition Holdings, another SPAC). This method of listing is an interesting alternative to the regulation intensive IPO. Aside from extensive SEC filings, it has been pointed out (Ms. Silva) that BX and FIG, which went public via high priced IPOs, have seen their shares plummet, while GLG, which went public via a SPAC, listed at a relatively low price, and has since seen its shares rise more than 15%. Below is a presentation you should definitely take a look at, as it gives you the most information a non-accredited investor can obtain regarding the Firm's offerings.

The Low Down On Halcyon Asset Management LLC