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