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Schroders keeping ‘open mind’ on Spacs as activity set for rise

One of Schroders' most senior fund managers predicts demand for the listed shell companies could pick up in the new year

Earlier this year, Schroders, which has invested in US-based Spacs on a selective basis, conducted its own research on the ‘pros, cons and incentives' behind the craze
Earlier this year, Schroders, which has invested in US-based Spacs on a selective basis, conducted its own research on the ‘pros, cons and incentives' behind the craze Photo: Chris Ratcliffe/Getty Images

Schroders, the UK's largest listed asset manager, is keeping an “open mind” on the future of special purpose acquisition companies, with one of its most senior fund managers predicting demand for the vehicles could pick up in the new year following a lull in activity.

Spacs, also known as blank-cheque companies, raise funds on public markets in order to acquire private targets, often those in fast-growing sectors like technology and healthcare.

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