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D.E. Shaw, Saba Among Firms Winning Big on Trump SPAC Plan

Hedge funds including D.E. Shaw and Saba Capital Management own stakes in a special purpose acquisition company that surged Thursday after former President Donald Trump announced plans to create his own publicly traded media firm through a reverse merger.

Highbridge Capital Management and Palm Beach, Florida-based Lighthouse Investment Partners also hold shares of the blank-check company, Digital World Acquisition Corp., according to data compiled by Bloomberg. Digital World skyrocketed 357% to close at $45.50 as retail investors piled into the stock, pushing its market value to $1.83 billion.

https://www.bloomberg.com/news/articles/2021-10-21/d-e-shaw-saba-among-hedge-funds-winning-big-on-trump-spac-plan?utm_source=google&utm_medium=bd&cmpId=google 

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